Paragon 28 Acquires Additive Orthopaedics

Englewood, Colorado-based Paragon 28^®, Inc., an orthopedic foot and ankle company, has acquired the assets of Little Silver, New Jersey-based Additive Orthopaedics, LLC.

Founded in 2010, Paragon 28 focuses on all things foot and ankle. According to its website, the company’s systems have supported 100,696 surgeries and it has filed 175 patents.

Additive Orthopaedics works with orthopedic surgeons and foot and ankle specialists to create advanced 3D-printed technologies to aid both surgeons and their patients. Per its website, the company “leverages state-of-the-art 3D metal printing technology to design, manufacture, and market patient specific and off the shelf implants specializing in complex reconstructions, implant revisions, and limb salvage.”

Paragon 28’s acquisition includes the U.S. Food and Drug Administration (FDA) approved 3D-printed Patient Specific Talus Spacer for the treatment of avascular necrosis. The FDA approved the device as a humanitarian use device on February 17, 2021. According to the press release, the device is the “first and only patient-specific total talus replacement implant authorized for use in the United States.”

Paragon 28 has also acquired Game Plan^®, a “proprietary pre-operative surgical planning application.” The application allows for cloud-based communication between surgeons and engineers to create “patient specific surgical plans and implants.”

Paragon 28 Co-Founder and CEO Albert DaCosta commented on the acquisition, “The addition of the Additive Orthopaedics product portfolio and surgical planning capabilities provides Paragon 28 customers exclusive access to the only FDA-approved patient specific total talus replacement implant.”

DaCosta continued, “The Additive [Orthopaedics] acquisition also significantly accelerates the Company’s [Paragon 28] strategy to leverage smart tools, artificial intelligence, and advanced technology to improve patient outcomes.”

The acquisition comes shortly after Paragon 28’s announcement that it signed a $70 million credit facility with MidCap Financial. For OTW’s coverage of the announcement, see “Paragon 28 Signs 70MM Credit Facility with MidCap Financial.”