Avista Healthcare Partners, a leading private equity firm focused exclusively on healthcare, announced its acquisition of EBI, the bone healing division of Highridge Medical.
The acquisition marks the 50th platform healthcare investment for Avista and its founding members – underscoring the firm’s long-standing commitment to building category-leading healthcare businesses. With a long track record of backing healthcare product and technology businesses and scaling them globally, Avista brings deep operational expertise and a differentiated ability to execute complex corporate carve-outs.
Headquartered in Parsippany, NJ, EBI is the pioneer of electrobiology innovations and has been leading the industry for over four decades with the largest portfolio of clinically proven, safe and effective implantable and non-invasive bone growth stimulation solutions to support bone regeneration and healing outcomes. EBI has the broadest bone growth stimulation technology and product portfolio and is the first and only company with both implantable and non-invasive, PMA-approved bone growth stimulation solutions to promote spinal fusion and fracture nonunion healing outcomes.
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Kevin Kenny, an Avista Strategic Executive, joined EBI as Chief Executive Officer at closing. Kevin brings extensive experience in the medical device sector, having most recently served as President of the Global Spine segment at Orthofix Medical, where he led the global spinal implants, motion preservation, bone growth therapies, and biologics businesses.
“I am thrilled to be a part of EBI’s next chapter as a standalone company. I am confident in EBI’s ability to advance its leadership in bone healing technologies, driven by strategic initiatives and a relentless commitment to excellence. Our focus is clear as we position EBI as the most innovative leader in bone healing science – delivering solutions that improve patient outcomes,” said Kevin Kenny.
Vincent Binetti, EBI’s Chief Operating Officer said, “This transaction marks an important milestone in the EBI journey. We have come to know Kevin and the Avista team over the last several months and are excited about the numerous opportunities ahead of us as a standalone entity.”
SOURCE: PRNewswire