Ottobock develops medical technology products and fitting concepts for people with limited mobility in the fields of Prosthetics, Orthotics, Human Mobility (wheelchairs, rehabilitation devices), and medical care. DUDERSTADT, Germany - Ottobock, a leading global innovator for prosthetics, orthotics, and exoskeletons, has acquired suitX, which specializes in the research and development of occupational and medical exoskeletons. Duderstadt, About Ottobock For more than 100 years, Ottobock has been developing innovative fitting solutions for people with reduced mobility. Check out the digital future of Ottobock right here. I am thrilled to join a global leader in its field and help Ottobock continue setting new standards in the pursuit of its mission to help people maintain or regain their freedom of movement, said Lundeberg. (Photo: Ottobock). Manufacturer of polyurethane solutions, including foam systems, foam materials and foam components. www.ottobock.com Formerly Known As Orthopdische Industrie Ownership Status Privately Held (backing) Financing Status Private Equity-Backed Primary Industry Therapeutic Devices Primary Office Max-Nader-Strasse 15 37115 Duderstadt Germany +49 05527 0000 Want detailed data on 3M+ companies? As background: Ottobock acquired FI in September 2017 with the goal of strengthening the prosthetic product choices and technology for the benefit of amputees and clinicians. About Ottobock For 100 years Ottobock, the German global technology leader, has been developing med-tech products and fitting solutions for people with limited mobility in the areas of Prosthetics, Orthotics and Human Mobility and provides patient care in its MedicalCare division. David Tupper was doing what he always dreamed of doing; proudly serving his country in the U.S. Marines. Fast, accurate and efficient orders right at your fingertips. This is a significant event for the relatively young exo technology field. Our goal as a department is to achieve exceptional patient outcomes by empowering and enriching the lives of the patients we serve in partnership with our customers, said Aideen Curran, Director of Professional and Clinical Services, Ottobock North America. He succeeds Marc C. Lundeberg, who left the company in August to pursue other opportunities. The Agilium Vantage is now available for order in three trimmable sizes, allowing practitioners to reduce inventory and save on costs. Upon review, all services have been restored. Even walking barefoot for short periods is much more pleasant. Subsidiaries in 58 countries offer "Made by Ottobock" quality worldwide and employ more than 7,000 people. Austin, TX (April 9, 2021) We're excited to announce the launch of Agilium Forte, a new rigid knee orthosis designed to provide lasting pain relief for patients with moderate to severe unicompartmental osteoarthritis (OA). The use of exoskeletons in industrial work and logistics can help increase productivity, make manual work more attractive and safe, and thus counteract the increasing shortage of skilled workers in these industries. Ottobock has acquired in 2 different US states, and 3 countries. Take a moment and read the latest stories about people who use our products and organizations that are doing good work. The Kenevo is an intuitive, intelligent solution making everyday life safer and easier for its users. Ottobocks second SXSW 2019 panel, Adaptive Athletics: The Rise of the Super Athlete?, will take place on March 8 from 5:00 p.m. to 6:00 p.m. at the JW Marriott Salon 1-2 (110 East 2nd Street). Update: After closing on 8/25/20, our supply and logistics center has reopened resumed normal operations. Specific data points measured will include health-related quality of life, participation in society and activities, fall rates, and participants fear of falling. Please click the ACCEPT button if you understand and accept the foregoing statement and wish to proceed. 8 Id. Our goal is to continue to maximize independence for life for people with mobility challenges, and further support the advancement of prosthetics and orthotics. SXSW 2019 will take place March 8-17, 2019. To initiate a possible representation, call us at 800.243.5070. Media Contacts Cali SolorioOttobock North America 512 806 2655 Cali.Solorio@ottobock.com. By clicking the ACCEPT button, you agree that we may review any information you transmit to us. The acquisition of BionX Medical Technologies added advanced foot movement prosthetics to the company portfolio. Ottobock and suitX are combining their expertise and products to take the exoskeleton market to a new level and to foster the worldwide adoption of exoskeletons. When it comes to choosing the right prosthetic foot for your patients, its more than a foot, its their foundation. "I am especially grateful for the very constructive dialogue with the FTC in recent months and the engagement of Proteor. In November 2019, upholding an administrative law judges decision, the Federal Trade Commission unanimously found that the merger was anticompetitive, and it issued the final order requiring Ottobock to divest the Freedom Innovations business, with limited exceptions. 7 Id. Any information obtained will be used for that purpose. Ottobock's mission is to improve their quality of life and increase health economic benefits. The Proteor group is fueling its strategy to be a global leader in the international orthopaedic market. The FTC issued an administrative complaint challenging the merger of two prosthetics manufacturers that are top sellers of prosthetic knees equipped with microprocessors. Spot the latest COVID scams, get compliance guidance, and stay up to date on FTC actions during the pandemic. Ottobock's Research & Development team focused engineering efforts on designing a low-profile foot that will provide the same naturally smooth feeling experienced by individuals who wear Taleo. AUSTIN, Texas & DUDERSTADT, Germany--(BUSINESS WIRE)--Ottobock, a leading global innovator for prosthetics, orthotics, and exoskeletons, today announced the acquisition of 100 percent of the shares of suitX, a US-based company spun out of the Robotics and Human Engineering Lab at the University of California, Berkeley, which specializes in the research and development of occupational and medical exoskeletons. He had always thought of going into the service and when 9-11 occurred, David knew this was his calling. More ways CareCredit may help boost your business, CPAP Repair: Three strategies to ease the hassle. I have been lucky to teach and conduct research at Berkeley, a leading public university in the United States. As a Human Empowerment Company, Ottobock promotes freedom of movement, quality for life and independence. Lake said, Pattern recognition offers an alternative for patients who may not be a candidate for more traditional myoelectric prostheses, or do not possess the muscle capacity to operate the prosthesis in a meaningful way. To a certain extent, standard myoelectric systems require significant muscular acrobatics to fully operate a prosthesis. Web Accessibility The suitX portfolio of occupational exoskeletons includes backX, legX, and shoulderX modules that reduce the risk of injuries among workers. Policy Product: Maverick Xtreme Previously recommended codes: L5987 + L5986 Ottobock recommended code: L5981 Product: Maverick Xtreme AT Previously recommended codes: L5987 + L5986 Ottobock recommended code: L5981 Product: Renegade AT Previously recommended codes: L5987 + L5986 Ottobock recommended code: L5981 Product: Renegade LP-AT Previously recommended codes: L5987 + L5986 Ottobock recommended code: L5981 Product: Silhouette VS Previously recommended codes: L5987 + L5986 Ottobock recommended code: L5980 Product: Silhouette LP-VS Previously recommended codes: L5987 + L5986 Ottobock recommended code: L5980 Product: Renegade Previously recommended codes: L5987 Ottobock recommended code: L5981 Product: Renegade LP Previously recommended codes: L5987 Ottobock recommended code: L5981 Product: Thrive Previously recommended codes: L5981 + L5999 Ottobock recommended code: L5981. Please see www.paexo.com for more information. This is supported by more than 9,000 employees. Constantine holds a doctorate from Samuel Merritt University, completed the Executive Management Program at University of Notre Dame Mendoza College of Business, and attended Loma Linda University for his undergraduate studies. I'm feeling muscles I haven't felt in years.". Ottobock acquiring suitX may be the herald of turning a new page in the exo technology field where the number of predominantly smaller, start-up exoskeleton developers (currently sitting at 132) begins to shrink through mergers and acquisitions. Proteor will acquire the microprocessor-controlled knee Pli3, the Kinnex and Kinterra ankles, certain prosthetic feet and other infrastructure from FI. Bebionic was acquired in February 2017, helping the company to expand their hand articulation and upper limb prosthetics. Featured image (above): suitX founder and former CEO Dr. Homayoon Kazerooni (left) will remain with the company in the role of Chief Scientist. Since 2012, Ottobock has transferred its expertise in biomechanics to applications for industry solutions to relieve the strain on people with physically demanding jobs and to create healthier working conditions. Additionally, Ottobock has submitted the following products for PDAC verification with the required codes: It is important for prosthetic providers to understand that once a decision is finalized by PDAC, that becomes the required coding for billing Medicare, even before January 1, 2021. The next generation is more comfortable embracing the latest digital technologies and innovations, such as 3D printing and digital scanning, as they reconsider traditional approaches. Ottobock is committed to helping practitioners find the right solution for their patients. Currently in its third generation as a privately held company, Ottobock offers products and services to help people maintain or regain their freedom of movement. Austin, TX (January 1, 2022) At Ottobock, we strive to provide resources that allow Clinicians to focus on whats most important: fitting the best hand for their patients. Exoneural Network AB is a Swedish startup that has developed the so This content is for members only. This new system will be used with three clinical patient cases involving the new Empower microprocessor ankle, the Taleo Vertical Shock and new Taleo Side Flex feet and the C-Brace microprocessor orthosis. The company offers a wide range of exoskeletons and ergonomic solutions under the brand name Paexo: Paexo Back and Paexo Soft Back for back relief, Paexo Shoulder and Paexo Neck for overhead support, and Paexo Thumb and Paexo Wrist for thumb and wrist relief, respectively. Their most recent acquisition was SuitX on Nov 2, 2021. Aideen is the former Education Manager at Ottobock NA and joined Ottobocks U.S. Professional Clinical Services team after seven years at Ottobock Australia, where she was responsible for the Ottobock Academy, a dedicated training facility for CPOs and technicians across Australia and New Zealand. Phone: +1 (646) 464-4657 I feel fortunate that I am now put in a position to deliver our life-enhancing medical and industrial exoskeleton products globally. Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone. Effective February 1, 2021, Marc succeeds Brad Ruhl, who will remain on as Non-Executive Chairman until he transitions to retirement after a more than 30-year tenure with Ottobock. We are committed to you and we believe this pricing change will enable you to continue fitting Ottobock foot solutions. Upon approval of the divestiture application by the Commission, Ottobock will immediately withdraw its petition for review, which is currently stayed by the U.S. Court of Appeals for the D.C. She earned her promotion with skill, acumen, hard work, and a fearless attitude, said Chris Nolan, General Manager, Ottobock. Evolving expectations represent new ways of thinking, engaging, receiving educational information, learning from peers and practices around the world, and opening new doors with diversity of background, identity, and experience. About Ottobock For more than 100 years, Ottobock has been developing med-tech products and fitting solutions for people with limited mobility in the areas of Prosthetics, Orthotics and Human Mobility. On the surface, the suitX passive industrial exoskeletons are redundant with the Paexo line. For active individuals who want relief for their residual limb, Taleo VS provides the clinician with more options for their patients. Austin, TX (December 28, 2022) Ottobock, the global health-tech leader helping people gain freedom of movement, and its Board of Directors has appointed Dr. Wilson P. Constantine as the new CEO and President of its North America operations. For more information, go to: www.ottobock.com. | Their latest funding was raised on Dec 13, 2019 from a Debt Financing round. Using the objective data from the Bionic Pro, and subjective information during initial evaluation, these case examples will be used to demonstrate the basics of a good clinical note and effective documentation. "The Stewardship program provides support to help fuel nonprofit organizations and the passionate people who manage them," said Aaron Holm, Manager, Consumer Engagement at Ottobock. To expand her clinical and technical experience, she trained extensively at Ottobocks Global Academy in Germany and gained significant global perspective across Ottobock subsidiaries and patient care networks in Europe and the Asia Pacific. Ottobock is committed to serving customers by providing them with a selection of the most innovative products to meet their needs. 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