Restor3d acquires Conformis to expand additively manufactured orthopaedics market

June 23, 2023

June 23, 2023

Restor3d use Additive Manufacturing to produce medical solutions such as the TIDAL subtalar wedge system shown here (Courtesy Restor3d)
Restor3d use Additive Manufacturing to produce medical solutions such as the TIDAL subtalar wedge system shown here (Courtesy Restor3d)

restor3d, Durham, North Carolina, USA, and Conformis, Billerica, Massachusetts, have entered into a definitive merger agreement under which personalised orthopaedic company Restor3d will acquire all outstanding shares of common stock at Conformis at $2.27 per share in cash, which represents an approximate 96% premium to the closing price of Conformis stock as of June 22, 2023.

restor3d is a medical technology company which utilises metal Additive Manufacturing to enable the production of its bespoke orthopaedics. Conformis also focuses on personalised orthopaedic patient care and owns or exclusively in-licenses issued patents and pending patent applications that cover personalised implants and patient-specific instrumentation for all major joints.

Subscribe to our weekly newsletter
Sign up

“This combination will create a leading personalised 3D-printed medical device company,” Kurt Jacobus, Chief Executive Officer of restor3d. “Together, we share a common belief in the power of personalisation. By leveraging the strengths in our respective portfolios around artificial-intelligence-driven implant design, digital automation, and 3D printed osseointegrative biomaterials, we see tremendous opportunity to offer clinically differentiated and cost-effective solutions across the orthopaedic landscape, including shoulder, foot & ankle, spine, and large joints.”

“After nearly twenty years of revolutionising the orthopaedic industry with personalised treatment and patient choice, this transaction is a testament to the value of our portfolio and the strength of our core technology and intellectual property,” said Mark Augusti, Chief Executive Office at Conformis. “Following a diligent and thoughtful process, the board has unanimously approved this transaction, which delivers positive benefits to all of our stakeholders. We are excited to enter the next chapter for Conformis with restor3d, which allows us to continue helping patients live productive lives after knee or hip surgery and providing the surgeon community with innovative products and services.”

Conformis’ Board of Directors, having determined that the transaction is in the best interests of the company’s stockholders, has unanimously approved the transaction. The closing of this transaction is expected by the end of Q3 2023 and is subject to approval by Conformis’ stockholders and other customary closing conditions.

Download Metal AM magazine
Restor3d use Additive Manufacturing to produce medical solutions such as the TIDAL subtalar wedge system shown here (Courtesy Restor3d)
June 23, 2023

In the latest issue of Metal AM magazine

Download PDF

Extensive AM industry news coverage, as well as the following exclusive deep-dive articles:

  • Kennametal: The story of the successful commercialisation of AM hardmetal and steel solutions
  • General Atomics Aeronautical on metal Additive Manufacturing’s place at the centre of the digital manufacturing revolution
  • Adrian Keppler on Additive Manufacturing: An insider’s assessment from the outside
  • Metal AM’s journey to industrialisation: Are we there yet? And what does the destination even look like?
  • A stronger future, layer by layer: How next-generation software will drive adoption of metal AM
  • Volkmann: Making the case for the complete automation of powder handling in AM
  • Metal AM on an industrial scale: GKN Additive draws on decades of sintering expertise to commercialise Binder Jetting
  • International Conference on Electron Beam Additive Manufacturing: Highlights from EBAM 2023

The world of metal AM to your inbox

Don't miss any new issue of Metal AM magazine, and get the latest industry news. Sign up to our twice weekly newsletter.

Sign up

Discover our magazine archive…

The free to access Metal Additive Manufacturing magazine archive offers unparalleled insight into the world of metal Additive Manufacturing from a commercial and technological perspective through:

  • Reports on visits to leading metal AM part manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.

Browse the archive

Looking for AM machines, metal powders or part manufacturing services?

Discover suppliers of these and more in our comprehensive advertisers’ index and buyer’s guide, available in the back of Metal AM magazine.

  • AM machines
  • Process monitoring & calibration
  • Heat treatment & sintering
  • HIP systems & services
  • Pre- & post-processing technology
  • Powders, powder production and analysis
  • Part manufacturers
  • Consulting, training & market data
View online
Share via
Copy link
Powered by Social Snap