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DJO Incorporated acquires manufacturer of compression therapy products

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DJO Incorporated announced yesterday the acquisition of Elastic Therapy, Inc. (ETI), a designer and manufacturer of private-label medical-compression therapy products used to treat and prevent venous disorders.

Based in Asheboro, North Carolina, ETI’s products include anti-embolism stockings, sheer products, surgical-weight stockings and a variety of compression socks. ETI’s products are distributed by its customers through a variety of channels in both U.S. and international markets.

“The acquisition of ETI is an excellent strategic fit for DJO and our growing vascular franchise worldwide,” Les Cross, DJO president and chief executive officer, stated in a press release announcing the acquisition. “We strengthened our vascular franchise in 2010 with the launch of VenaFlow Elite, a new product with proven technology that reduces the incidence of hospital-based post-surgical deep vein thrombosis [DVT] in non-ambulatory patients. … The acquisition of ETI complements DJO’s hospital-based DVT prevention system with a wide range of other non-ambulatory and ambulatory compression garments to help patients maintain sufficient circulation after surgery to prevent DVT and PE from occurring.”