Otto Bock acquires OrthoRehab
February 7, 2005
MINNEAPOLIS, Minn. - OttoBock Healthcare last week announced the acquisition of OrthoRehab, combining complementary rehabilitation product lines, corporate cultures and sales strategies to fuel future growth in the North American rehabilitation market, according to a company release.
OrthoRehab, headquartered in Tempe, Arizona, employs 260 people and serves patients recovering from major orthopedic surgery. OrthoRehab’s products utilize continuous passive motion, TENS, NMES and cold therapies to speed recovery.
"Acquiring OrthoRehab is a key strategic step in our growth plans for the U.S. rehabilitation market," said Bert Harman, president and CEO of Otto Bock North America. "OrthoRehab’s sales force will be able to broaden their portfolio while providing a new channel for existing Otto Bock products. We are excited about the growth potential inherent in this deal."
Otto Bock Healthcare is a leading manufactuere of orthotic componentry. The 85-year-old company employs more than 3,400 people in 32 countries. Otto Bock has also entered the rehabilitation market in Europe and Asia, developing highly specialized mobility and seating solutions for adults and children.
"Integrating the specialties of the two companies will create a new delivery system for existing Otto Bock rehab products and provide the resources needed to capitalize on OrthoRehab’s proven sales and service model," said OrthoRehab Spokesperson John Hallal.