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Shalby acquires implant assets from Consensus Orthopedics for Rs 85 crore ANI | Updated: May 15, 2021 13:30 IST
Ahmedabad (Gujarat) [India], May 15 (ANI): Multi-specialty hospital Shalby said on Saturday it has entered into a definitive agreement to acquire certain assets from California-based Consensus Orthopedics for a cash consideration of 11.45 million dollars (about Rs 85 crore).
The assets were acquired by Shalby Advanced Technologies Inc, a wholly-owned subsidiary of Mars Medical Devices, which in turn is a wholly-owned subsidiary of Shalby.
Consensus designs and manufactures orthopedic implants and instruments with sales predominantly in North America. Key customers include hospitals, surgeons and wholesale distributors.
The company has completed over 1.6 lakh joint replacement procedures with zero recalls.