Shalby acquires implant assets from US-based Consensus Orthopedics
Published: May 15, 2021
By TIOLCORPLAWS News Service
AHMEDABAD, MAY 15, 2021: GUJARAT-based multispecialty hospital Shalby on Saturday said it has acquired inventory and implant equipment from Consensus Orthopedics worth USD 11.45 million.
Shalby Advanced Technologies, a wholly-owned subsidiary of Mars Medical Devices, which in turn is a wholly-owned subsidiary of Shalby, acquired assets of the California-headquartered orthopedic implants and instruments designer and manufacturer.
The acquired assets are primarily comprised of inventory and plant and equipment. Product inventory includes knee systems, mobile bearing knee systems, hip systems and revision knee systems.
The manufacturing plant and equipment consists of machining and finishing (60,000 components per annum), inspection (75,000-80,000 components per annum) and cleaning, packaging and sterilization (1.5 lakh components per annum).
The manufacturing site is US Food and Drug Administration (USFDA) certified and ISO certified. In addition, an experienced team of over 40 Consensus employees will be joining Shalby as part of this transaction.
The transaction will enable Shalby to procure quality implants at a competitive price for its own consumption in India and build on the existing asset platform to enhance implant sales across the US and international markets. It will also diversify Shalby's business and revenues mix.
