Stinson Leonard Street Represents Medical Modeling in 3D Systems Transaction
Stinson Leonard Street represented Medical Modeling Inc. in its transaction with 3D Systems (NYSE: DDD) in which 3D Systems acquired 100% of Medical Modeling's shares. Medical Modeling is a provider of personalized surgical treatments and patient specific medical devices, including virtual surgical planning and clinical transfer tools, using 3D modeling and printing.
The transaction creates the largest 3D printing personalized surgery and medical device service and product capability, according to the announcement issued by the companies on April 2, 2014. Financial terms of the transaction are confidential and were not disclosed.
3D Systems plans to consolidate all of its healthcare activities into a single unit under the leadership of former Medical Modeling President, Andy Christensen, who will become Vice President, Personalized Surgery and Medical Devices of 3D Systems.
"The combination of our rapidly growing healthcare business with Medical Modeling's expanding range of products and services creates the largest 3D printing based personalized surgery and patient specific medical device service capabilities available today," said Avi Reichental, 3DS President and CEO. "By leveraging our collective expertise, technologies and channels under the capable leadership of Andy Christensen, we plan to deliver an expanding range of direct metal and plastic medical devices designed to address this rapidly expanding opportunity."
The announcement issued by the companies included a link to a video of Avi Reichental and Andy Christensen discussing personalized surgery and patient specific medical devices and the acquisition.
Based in Golden, Colorado, Medical Modeling pioneered the field of 3D printing-centric personalized surgery and patient-specific medical device solutions with FDA-cleared manufacturing processes and world-class expertise, providing help on tens of thousands of patient cases for surgical planning tools, implants and other design services.
Medical Modeling delivers Virtual Surgical Planning (VSP®), a service-based approach to personalized surgery that combines expertise in medical imaging, surgical simulation and additive manufacturing. This allows surgeons access to the most up-to-date toolbox for today's most challenging head and neck surgical procedures. VSP combines a detailed virtual surgical plan with custom-engineered instrumentation to ensure surgical success. Patented and clinically tested technology is available to aid surgeries ranging from trauma reconstruction of the facial skeleton to guidance of fibula-free grafts to more routine orthognathic surgeries.
The Stinson Leonard Street team representing Medical Modeling included: Kristin S. Godfrey, Partner and Ryan M. Behrman, Associate. Both Godfrey and Behrman are attorneys in the firm's Denver office. 3D Systems Corporation was represented in the transaction by Andrew Johnson, General Counsel, 3D Systems Corporation.
About Stinson Leonard Street
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