Laser therapy provider LiteCure gets new owner
Medical device maker DJO gains a foothold in the veterinary field.
LiteCure, the parent company of Companion Animal Health, has been acquired by DJO LLC, a maker of braces, supports and orthopedic devices used in human medicine. Terms of the transaction were not revealed.
Delaware-based LiteCure is a leading manufacturer of veterinary laser therapy equipment. The company also sells platelet-rich plasma kits, stem cell therapy products, a cold compression system and the INsight diagnostics system.
The purchase of LiteCure puts DJO in the veterinary space for the first time.
“The Companion Animal Health brand provides a strong entry point into the thriving animal health space and brings with it an accomplished, dedicated animal health team,” DJO stated. “DJO plans to leverage parts of its existing product portfolio to augment the strength of the established Companion Animal Health suite of treatment and diagnostic products, and further explore incremental growth opportunities in the veterinary care market.”
The Companion brand was launched in 2014. Another LiteCure brand, LightForce, sells laser therapy equipment for use in human medicine.
“The acquisition by DJO provides us with an immediate international footprint, additional products that align well with our existing portfolio and added resources to help us continue to improve the lives of veterinarians, pets and their owners,” said Craig Tockman, DVM, president of Companion Animal Health..
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