Monday, July 16, 2007

ReAble Therapeutics Merges With DJO

Austin, Texas-based ReAble Therapeutics, a provider of orthopedic medical devices and other products, has acquired San Diego, California-based DJO Incorporated in a $1.6B deal. The two firms said today that an affiliate of ReAble will acquire all of the outstanding shares of DJO for $50.25 per share, in a deal that will be financed by private equity group The Blackstone Group. Blackstone is the controlling shareholder of ReAble. DJO provides a range of products for the orthopedic rehabilitation and pain management market.