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RTI Surgical entered into an agreement to acquire Collagen Solutions, a global supplier of engineered medical-grade collagen and xenograft tissue with applications in sports medicine and orthopedics.
The acquisition further expands RTI’s comprehensive portfolio of allograft and xenograft biomaterials at scale, and follows the company’s acquisition of Cook Biotech earlier in the year. RTI’s broad product portfolio enables it to partner with customers and surgeons to develop innovative solutions that are focused on improving patient outcomes.
Key highlights of the acquisition include:
- Expansion of RTI’s soft tissue portfolio with Collagen Solutions’ expertise in bovine and porcine collagen materials
- Increased access to high-growth therapeutic areas such as sports medicine, orthopedic surgery and reconstructive surgery
- Potential to accelerate development of innovative biomaterials with combination products
- Enhanced ability to partner with OEM customers in proactively meeting patient need and enhancing patient lives
Collagen Solutions is headquartered in Eden Prairie, Minneapolis, with additional strategically located sites in the UK and New Zealand.
Olivier Visa, President and Chief Executive Officer, RTI Surgical, said: “Collagen Solutions is an excellent strategic fit for RTI Surgical, bringing specialized and complementary capabilities and expertise in soft tissue engineering. Together, we are building on a significant track record with a combined 50 years of experience in developing products to help millions of patients in regenerative medicine. We are thrilled to welcome the talented Collagen team to RTI Surgical, and to expand our partnerships with customers to improve patient healing, accelerate recovery and help prevent complications.”
Rick Mulford, CEO of Collagen Solutions, commented: “RTI Surgical shares our strong commitment to quality, innovation and customer care, making it the ideal new owner for Collagen Solutions. As we transition, I’m confident RTI will continue to drive the development of collagen-based biomaterials and effectively expand its work in cardiac and other clinical areas. We’re excited for the future of Collagen Solutions under RTI’s leadership.”
Source: RTI Surgical
