Lima Corporate

Last updated
LimaCorporate
Company type Medical devices
Founded1945;79 years ago (1945), in Friuli-Venezia Giulia, Italy
FounderCarlo Leopoldo Lualdi
HeadquartersVillanova, San Daniele del Friuli, Italy
Key people
Matt Trerotola (Enovis CEO); Louie Vogt (Group President Recon); Benjamin Reinmann (President of Enovis International Surgical); Michele Marin (VP of Finance Enovis International Surgical)
ProductsMedical devices Reconstructive and custom-made orthopedic solutions
Owner
Website www.limacorporate.com

LimaCorporate is a medical device company [1] based in Italy, the range of products of which includes large joint primary and revision implants, extremities and fixation solutions and dedicated patient-specific prosthesis division. [1]

Contents

With over 1000 staff members and 3 production plants worldwide, it has established more than 25 direct subsidiaries in Europe, the US, Asia-Pacific, and Latin America. Combined with a network of distributors, LimaCorporate operates in nearly 50 countries. [2]

In 2021, the company was the first to deliver 3D printing to a hospital setting. [3] Both Italian production plants of LimaCorporate have been certified ISO 14001 - Environmental Management Systems in compliance with environmental standards on pollution and energy efficiency. [4]

In September 2023, Enovis announced that it had reached a definitive agreement to acquire the company for approximately €800 million. [5] On January 3, 2024, it was reported that the purchase of LimaCorporate had been completed. [6]

History

Engineer and entrepreneur, Carlo Leopoldo Lualdi, LimaCorporate's founder, began producing surgical instruments in 1945. [7]

In 1953, Lualdi created the first helicopter prototype relying solely on Italian ingenuity. Between then and the year 2000, Lima became one of the most important suppliers to the aerospace industry. Through the 1960s and 1980s, the core business expanded into the manufacturing of medical devices, specifically titanium orthopedic prostheses. In the 1990s, the company continued to focus on innovating orthopedics with the specific aim of broadening its presence on a global scale. In the year 2000, Lima made the decision to specialize exclusively in the production of orthopedic implants. [7]

In the early 2000s, LimaCorporate began developing Electron Beam Melting (EBM) technology, a form of additive manufacturing, to address the functional limitations of the coatings applied to traditional prosthetic implants. [7] In 2007, the company's first acetabular cup featuring TT, LimaCorporate's proprietary 3D printing technology, was developed and implanted for the first time in Italy. [7]

Lima later announced the completion of a Distribution Agreement with OrthAlign, Inc. for a tibial/femoral handheld navigation device and associated instrumentation to be supplied within the European Economic Area (EEA) and Switzerland (excluding Romania). [8]

In addition, the company announced the completion of an assets acquisition process with Zimmer Holdings Inc. on July 3, 2015. [9] The agreement was approved by the Japanese Fair Trade Commission at the end of the same year. [10]

In 2016, EQT, with Hansjörg Wyss as the co-investor, completed the acquisition process for a majority share of LimaCorporate. [11]

In 2018, LimaCorporate acquired TechMah Medical LLC, a medical device software company located in Tennessee (USA), to offer digital applications that complement their hardware portfolio. [12]

In 2019, LimaCorporate and the Hospital for Special Surgery (HSS) announced the foundation of the first additive manufacturing 3D printing facility for custom complex implants in a hospital setting. [13] LimaCorporate announced the completion of a distribution agreement with G21 S.r.l. to supply cement spacer molds for the shoulder, hip and knee as well as antibiotic-loaded bone cement. [14] Additionally, the company entered into an agreement with Dedienne Santé S.a.s. to distribute dual mobility acetabular cups in the European Economic Area (EEA) and Switzerland. [15]

In 2020, LimaCorporate inaugurated new spaces entirely dedicated to 3D Printing and advanced testing at its HQ campus of San Daniele del Friuli, Udine, Italy. These new facilities include the Research & Innovation Center (R&I Center) and the Advanced Laboratory for Testing and Analysis (ATLAs). [16] In the same year, LimaCorporate became the first Italian company to obtain the EU Quality Management System Certificate under Medical Devices Regulation (MDR) for Class III Custom-Made devices. [17]

On March 24, 2021, LimaCorporate opened the ProMade PoC Center for Complex Orthopedic Solutions at the Hospital for Special Surgery (HSS), the first industry-owned and operated design and 3D printing center on hospital grounds. Located at the HSS main campus in New York City, the ProMade PoC (Point of Care) Center is LimaCorporate's first US-based, FDA-regulated commercial manufacturing facility. [18]

Products & technologies

Since 2007, LimaCorporate has been a pioneer in the 3D printing of standard and custom implants for orthopedic applications. They have conceived, produced and patented Trabecular Titanium technology. [19]

Corporate governance

Since March 2016, LimaCorporate has been owned by EQT Private Equity. [20] Founded in 1994, EQT is a purpose-driven global investment organization entirely focused on active ownership strategies, while responsibly investing in, owning, and developing companies. [21]

The firm invests in private equity, infrastructure, real estate, growth equity, and venture capital in Europe, North America, and Asia Pacific. [20]

As of March 2022, EQT's assets under management were EUR 90.0 billion. [20]

LimaCorporate's advisory board includes: [20]

Since September 2022, Massimo Calafiore has held the role of CEO. [22] Michele Marin has been the CFO since March 2018. [23]

In September 2023, EQT Private Equity announced the sale of LimaCorporate to the NYSE-listed Enovis Group. The transaction is expected to close in early 2024. [24]

Related Research Articles

Stryker Corporation is an American multinational medical technologies corporation based in Kalamazoo, Michigan. Stryker's products include implants used in joint replacement and trauma surgeries; surgical equipment and surgical navigation systems; endoscopic and communications systems; patient handling and emergency medical equipment; neurosurgical, neurovascular and spinal devices; as well as other medical device products used in a variety of medical specialties.

<span class="mw-page-title-main">Medtronic</span> Irish tax-registered medical device company

Medtronic plc is an American-Irish medical device company. The company's operational and executive headquarters are in Minneapolis, Minnesota, and its legal headquarters are in Ireland due to its acquisition of Irish-based Covidien in 2015. While it primarily operates in the United States, it operates in more than 150 countries and employs over 90,000 people. It develops and manufactures healthcare technologies and therapies.

<span class="mw-page-title-main">Hip replacement</span> Surgery replacing hip joint with prosthetic implant

Hip replacement is a surgical procedure in which the hip joint is replaced by a prosthetic implant, that is, a hip prosthesis. Hip replacement surgery can be performed as a total replacement or a hemi/semi(half) replacement. Such joint replacement orthopaedic surgery is generally conducted to relieve arthritis pain or in some hip fractures. A total hip replacement consists of replacing both the acetabulum and the femoral head while hemiarthroplasty generally only replaces the femoral head. Hip replacement is one of the most common orthopaedic operations, though patient satisfaction varies widely between different techniques and implants. Approximately 58% of total hip replacements are estimated to last 25 years. The average cost of a total hip replacement in 2012 was $40,364 in the United States, and about $7,700 to $12,000 in most European countries.

<span class="mw-page-title-main">EQT AB</span> Swedish investment firm

EQT AB is a Swedish global investment organization founded in 1994. Its funds invest in private equity, infrastructure, real estate, growth equity, and venture capital in Europe, North America, and Asia Pacific.

<span class="mw-page-title-main">Hospital for Special Surgery</span> Orthopedic hospital in New York City (1863–)

Hospital for Special Surgery (HSS) is an academic medical center and research institution headquartered in New York City that specializes in the treatment of orthopedic and rheumatologic conditions. Its main campus is located at 535 East 70th Street in Manhattan and there are locations in New York, New Jersey, Connecticut, and Florida. The hospital was founded in 1863 by James Knight. HSS is the oldest orthopedic hospital in the United States and is consistently ranked as the world's top orthopedic hospital. Bryan T Kelly served as the former surgeon-in-chief and currently serves as president and chief executive officer. Douglas E. Padgett serves as the current surgeon-in-chief.

<span class="mw-page-title-main">SUSE S.A.</span> Open-source software company

SUSE S.A. is a German multinational open-source software company that develops and sells Linux products to business customers. Founded in 1992, it was the first company to market Linux for enterprise. It is the developer of SUSE Linux Enterprise and the primary sponsor of the community-supported openSUSE Linux distribution project.

Biomet, Inc., was a medical device manufacturer located in the Warsaw, Indiana, business cluster. The company specialized in reconstructive products for orthopedic surgery, neurosurgery, craniomaxillofacial surgery and operating room supplies. In 2015, Biomet became part of the new company Zimmer Biomet.

Zimmer Biomet Holdings, Inc. is a publicly traded medical device company. It was founded in 1927 to produce aluminum splints. The firm is headquartered in Warsaw, Indiana, where it is part of the medical devices business cluster.

St. Jude Medical, Inc. was an American global medical device company headquartered in Little Canada, Minnesota, U.S., a suburb of Saint Paul. The company had more than 20 principal operations and manufacturing facilities worldwide with products sold in more than 100 countries. Its major markets include the United States, Europe, Latin America and Asia-Pacific. The company was named after Jude the Apostle, the patron saint of lost causes.

<span class="mw-page-title-main">3D Systems</span> American 3D printing company

3D Systems Corporation headquartered in Rock Hill, South Carolina, is a company that engineers, manufactures, and sells 3D printers, 3D printing materials, 3D printed parts, and application engineering services. The company creates product concept models, precision and functional prototypes, master patterns for tooling, as well as production parts for direct digital manufacturing. It uses proprietary processes to fabricate physical objects using input from computer-aided design and manufacturing software, or 3D scanning and 3D sculpting devices.

Henry Schein, Inc. is an American distributor of health care products and services with a presence in 33 countries. Ethisphere named Henry Schein as one of the 2024 World's Most Ethical Companies for the 13th consecutive year. For eight consecutive years, the company has received the Equality 100 Award: Leader in LGBTQ+ Workplace Inclusion by the Human Rights Campaign Foundation.

Ottobock SE & Co. KGaA, formerly Otto Bock, is an international company based in Duderstadt Germany, that operates in the field of orthopedic technology. It is considered the world market leader in the field of prosthetics and one of the leading suppliers in orthotics, wheelchairs and exoskeletons.

Electron-beam additive manufacturing, or electron-beam melting (EBM) is a type of additive manufacturing, or 3D printing, for metal parts. The raw material is placed under a vacuum and fused together from heating by an electron beam. This technique is distinct from selective laser sintering as the raw material fuses have completely melted. Selective Electron Beam Melting (SEBM) emerged as a powder bed-based additive manufacturing (AM) technology and was brought to market in 1997 by Arcam AB Corporation headquartered in Sweden.

Straumann Group is a Swiss company based in Basel (Switzerland) manufacturing dental implants and specialized in related technologies. The group researches, develops, manufactures and supplies dental implants, instruments, biomaterials, CADCAM prosthetics, digital equipment, software, and clear aligners for applications in replacement, restorative, orthodontic and preventative dentistry.

Cimatron is an Israeli software company that produces CAD/CAM software for manufacturing, toolmaking and CNC programming applications.

Mathys Ltd Bettlach, is a Swiss family business with headquarters in Bettlach, Switzerland. The company develops, produces and distributes implants for artificial joint replacement in the areas of hip, knee and shoulder as well as biomaterials for surgical treatment of bone defects With an innovative implant for ACL healing, the family company also gained ground in the area of sport orthopaedics at the beginning of 2013.

<span class="mw-page-title-main">Materialise NV</span> Belgian 3D printing company

Materialise NV, headquartered in Leuven, Belgium, is a company in the 3D printing / additive manufacturing sector.

Enovis is a medical technology company with a focus in orthopedics. The company was founded by brothers Mitchell and Steven Rales as the Colfax Corporation in 1995. Enovis is headquartered in Wilmington, Delaware and is listed on the NYSE as ENOV. The company has over 5,000 employees operating at 12 sites around the world.

<span class="mw-page-title-main">MAKO Surgical Corp.</span>

MAKO Surgical Corp. was a publicly traded medical device company based in Florida. On September 25, 2013, the Board of Directors of Mako Surgical accepted a deal to be acquired by Stryker for $1.65B. The deal closed in December 2013.

<span class="mw-page-title-main">EOS imaging</span> Med tech company based in Paris

EOS imaging is a medical device company based in Paris, France, that designs, develops, and markets EOSedge and the EOS system, innovative, orthopedic medical imaging systems, associated with several orthopedic solutions along the patient care pathway – from diagnosis to post-operative treatments. The EOS platform targets musculoskeletal disorders and orthopedic surgical care through 2D X-ray scans and 3D skeletal models from stereo-radiographic images of patients in a seated or standing position.

References

  1. 1 2 "Who We Are".
  2. ↑ "History - LimaCorporate". LimaCorporate.com. Retrieved 2019-11-28.
  3. ↑ "LimaCorporate Heads First 3D Printing Site on Hospital Campus to Address Complex Custom Orthopedic Implants" (PDF).
  4. ↑ "Environment".
  5. ↑ "Enovis™ to Acquire LimaCorporate S.p.A."
  6. ↑ "Enovis Completes Acquisition of LimaCorporate S.p.A". Enovis. Retrieved 2024-01-24.
  7. 1 2 3 4 "Our History".
  8. ↑ "LimaCorporate Enters into an Agreement for Distribution With Orthalign for Handheld Navigation Device" (PDF).
  9. ↑ "LimaCorporate Announces Completion of Zimmer-Biomet Assets Acquisition" (PDF).
  10. ↑ "LimaCorporate Completes Acquisition ff Zimmer Biomet Assets in Japan" (PDF).
  11. ↑ "EQT and Hansjörg Wyss New Owners of LimaCorporate" (PDF).
  12. ↑ "LimaCorporate Announces Milestone-Based Acquisition of Techmah Medical LLC to Expand Digital Footprint in Orthopaedics" (PDF).
  13. ↑ "LimaCorporate Heads First 3D Printing Site on Hospital Campus to Address Complex Custom Orthopedic Implants" (PDF).
  14. ↑ "LimaCorporate Enters into an Agreement for Distribution With G21 for Spaceflex Cement Spacer Portfolio" (PDF).
  15. ↑ "LimaCorporate Enters into an Agreement with Dedienne Santé for Distribution of Dual Mobility Cups" (PDF).
  16. ↑ "LimaCorporate Inaugurates the New Research & Innovation Center for 3D Printing and the Advanced Laboratory for Testing and Analysis (ATLAs)" (PDF).
  17. ↑ "LimaCorporate is the First Italian Company to Obtain the EU Quality Certificate Under the MDR" (PDF).
  18. ↑ "LimaCorporate and HSS Partner to Open First Provider-Based Design and 3D Printing Center for Complex Joint Reconstruction Surgery" (PDF).
  19. ↑ "Our Technology".
  20. 1 2 3 4 "Shareholders".
  21. ↑ "EQT - Statement of Purpose".
  22. ↑ "Massimo Calafiore appointed as new LimaCorporate CEO" (PDF).
  23. ↑ "Michele Marin Appointed as New Member of The Italian Board of Directors" (PDF).
  24. ↑ "EQT Private Equity to sell LimaCorporate to Enovis: The Italian site in San Daniele del Friuli will remain the fulcrum of production, benefiting from new investments" (PDF).
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.