Monday, July 16, 2007
DJO Acquired By ReAble Therapeutics
San Diego-based DJO Incorporated, a maker of orthopedic rehabilitation and pain management products, and Austin, Texas-based ReAble Therapeutics, said today that ReAble will acquire DJO in a $1.6B merger. An affiliate of ReAble will acquire all of the outstanding shares of DJO for $50.25 per share, in a deal that will be funded by private equity firm The Blackstone Group. Blackstone is the controlling shareholder of ReAble. ReAble Therapeutics provides orthopedic medical devices.