LimaCorporate to acquire TechMah Medical to improve its offering of 3D printed Orthopaedic implants
LimaCorporate, a specialist in 3D printing of Orthopaedic implants recently acquired the medical software company TechMah Medical LLC, to complete is hardware portfolio with digital applications.
Dr. Mohamed Mahfouz, Professor of Biomedical Engineering at the University of Tennessee founded TechMah Medical in 2014. His aim was to improve the quality of care in orthopaedic surgery while considering cost constraints.
An investment in software know-how
The team at TechMah Medical will focus on the release of software and smart instruments which will be used in combination with LimaCorporate implants.
The competences in software know-how combined with the 3D printing expertise will push LimaCorporate forward and enable the digital transformation of the Orthopaedics industry on the one hand, on the other hand, to improve the approach to surgery and standard instrumentation.
Luigi Ferrari, CEO of LimaCorporate, commented, “we are excited about this transaction and the partnership with Dr. Mahfouz. Combined with our proven implant technology and 3D printing capabilities, this acquisition will allow LimaCorporate to develop a strong foothold in all digital applications surrounding Total Joint Replacement by offering surgeons a new intra-operative experience and by providing their patients flexible personalized care.”
Under the terms of the agreement, LimaCorporate will provide funding to TechMah Medical and complete the acquisition as key product development goals are achieved, becoming the sole shareholder of TechMah Medical over time, while Dr. Mahfouz and his team will remain involved with the business. Financial terms have not been disclosed.
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