Oct 15 2014
CARLSBAD, California—Breg and United Orthopedic Group have announced the merger of the two companies. United Orthopedic Group will operate as a subsidiary of Breg. Brad Lee, president of Breg, was named president of the new joint company.
The combined company will offer four major product brands (Breg, Bledsoe Brace Systems, Hope Orthopedics and Cothera) of orthopedic braces, cold therapy devices and DVT solutions. Viscent, a United Orthopedic Group subsidiary specializing in medical billing, will be available to customers of the newly formed company.
According to the company press release, Breg and United Orthopedic Group plan to leverage their research and development capabilities to develop new devices in collaboration with orthopedic providers.
“This merger brings together two leaders who are highly regarded for their patient-centric product design and commitment to serving customers from every angle,” Lee stated in the release. “As one company, Breg and United Orthopedic Group offer a unique portfolio of innovative, world-class quality products and services that meet most every need of orthopedic providers and their patients. Together we have the opportunity to shape new frontiers in orthopedic care.”
Gary Henley, CEO of United Orthopedic Group, stated “I am very pleased to have completed this merger with Breg. The combination of our design expertise and operational capabilities puts the company in a much stronger position to support customers with achieving their goals for improving patient outcomes and enhancing the overall patient experience.”
The financial terms of the merger were not disclosed.