Knit-Rite, Therafirm acquired by Thuasne
By HME News Staff
Updated 1:27 PM CST, Mon January 11, 2021
KANSAS CITY – Knit-Rite and Therafirm have been acquired by Thuasne, a European medical device manufacturer with 2,200 employees and 233 million euros in revenues in 2019. Knit-Rite and Therafirm, which represent Thuasne’s fourth largest acquisition in the United States in 10 years, solidify the company’s presence in the O&P and compression markets, and open up a new market, devices for orthopedic prothesis (post-amputation prosthetic socks and prosthetic textile interfaces). “The combination of Knit-Rite and Therafirm with Thuasne both enhances the ability to serve the orthotic and prosthetic profession in the U.S. and abroad, and provides a solid platform via Therafirm to expand the range of medical compression technologies to the global vascular and lymphology communities,” said Thierry Arduin, president of Thuasne. Thuasne highlighted the similarities between the three companies, including their emphasis on innovation, with a large number of patents filed each year; and their “integrated industrial strategy,” allowing them to master all stages of manufacturing.
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