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EOS imaging acquires OneFit Medical

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EOS imaging has signed an acquisition agreement with OneFit Medical, a company specializing in hip and knee surgery planning software and orthopedic patient-specific cutting guides.

According to a company press release, EOS imaging will pay OneFit Medical $4 million, including $500,000 in cash and 603,449 EOS imaging shares with warrants attached, the equivalent of $3.5 million. Additionally, EOS imaging will pay 1,810,347 warrants to OneFit Medical, enabling it to subscribe to 172,416 new EOS imaging shares according to the achievement of regulatory and revenue targets.

"The acquisition of OneFit Medical represents a rare opportunity to intensify our growth strategy by expanding our offer in orthopedic imaging and related services. OneFit Medical's exceptional expertise in 3-D planning software and patient-specific instruments will enable us to use EOS’ information in operating rooms by providing surgeons with a comprehensive solution from diagnosis imaging to surgery," Marie Meynadier, chief executive officer of EOS imaging, stated in the release.