Nexa Orthopedics, Inc. was founded in 2004 by HealthpointCapital to create the pre-eminent company in extremities surgery through a program of business investments, technology in-licensing, internal development, and acquisition. The investment opportunity in the highly fragmented market was based on consolidation and scale and driven by differentiated technology.
In February 2005, Nexa acquired Futura Biomedical, LLC. Futura manufactured and distributed the only complete line of forefoot arthroplasty products and was a leading innovator of implants for the correction of flexible flatfood deformities. In the summer of 2005, Nexa acquired the StayFuse product line from Pioneer Surgical. Nexa also partners with OsteoBiologics, Inc. for U.S. distribution of OBI products in hand, foot and ankle surgery. In November 2005, Nexa acquired BioProfile S.S, a French manufacturer of orthopedic extremity products utilizing its novel pryocarbon. In September 2006, Nexa acquired Axiom Orthopaedics, Inc., a leading innovator in the shoulder arthroplasty market.
HealthpointCapital sold Nexa Orthopedics, Inc. to Tornier in February 2007. The sale of Nexa provided HeathpointCapital Partners, L.P. a 75% internal rate of return on its investment.