Lima Corporate Explained

LimaCorporate
Type:Medical devices
Foundation:, in Friuli-Venezia Giulia, Italy
Location:Villanova, San Daniele del Friuli, Italy
Key People:Matt Trerotola (Enovis CEO)
Louie Vogt (Group President Recon)
Benjamin Reinmann (President of Enovis International Surgical)
Products:Medical devices
Founder:Carlo Leopoldo Lualdi
Owner:Enovis (2024–present)

LimaCorporate is a medical device company based in Italy, it manufactures joint implants, extremities and fixation.[1] In 2021, the company delivered 3D printing to a hospital setting.[2] Both Italian production plants of LimaCorporate have been certified ISO 14001.[3]

In September 2023, Enovis announced that it had reached an agreement to acquire the company for approximately 800 million.[4] On January 3, 2024, it was reported that the purchase of LimaCorporate had been completed.[5]

History

Engineer and entrepreneur, Carlo Leopoldo Lualdi, LimaCorporate's founder, began producing surgical instruments in 1945.[6] In 2000, Lima began specializing in the production of orthopedic implants. In the early 2000s, LimaCorporate began developing electron-beam melting (EBM) technology, a form of additive manufacturing. In 2007, the company's first acetabular cup was developed.

Lima later announced the completion of a Distribution Agreement with OrthAlign, Inc. for a tibial/femoral handheld navigation device and associated instrumentation to be supplied within the European Economic Area (EEA) and Switzerland (excluding Romania).[7] In addition, the company announced the completion of an assets acquisition process with Zimmer Holdings Inc. on July 3, 2015.[8] The agreement was approved by the Japanese Fair Trade Commission at the end of the same year.[9]

In 2016, EQT, with Hansjörg Wyss as the co-investor, completed the acquisition process for a majority share of LimaCorporate.[10] In 2018, LimaCorporate acquired TechMah Medical LLC, a medical device software company located in the United States.[11] In 2019, LimaCorporate and the Hospital for Special Surgery (HSS) announced the foundation of an additive manufacturing 3D printing facility in a hospital setting.[12] LimaCorporate announced the completion of a distribution agreement with G21 S.r.l. to supply cement spacer molds for the shoulder, hip and knee as well as antibiotic-loaded bone cement.[13] Additionally, the company entered into an agreement with Dedienne Santé S.a.s. to distribute dual mobility acetabular cups in the European Economic Area (EEA) and Switzerland.[14]

In 2020, LimaCorporate inaugurated spaces for 3D Printing at its headquarter campus of San Daniele del Friuli, Italy.[15] In the same year, LimaCorporate became the first Italian company to obtain the EU Quality Management System Certificate under Medical Devices Regulation (MDR) for Class III Custom-Made devices.[16] On March 24, 2021, LimaCorporate opened the ProMade PoC Center for Complex Orthopedic Solutions at the Hospital for Special Surgery (HSS).[17]

Corporate governance

Since March 2016, LimaCorporate has been owned by EQT Private Equity.[18] As of March 2022, EQT's assets under management were .

Since September 2022, Massimo Calafiore has held the role of CEO.[19] Michele Marin has been the CFO since March 2018.[20] LimaCorporate's advisory board includes:

In September 2023, EQT Private Equity announced the sale of LimaCorporate to the NYSE-listed Enovis Group. The transaction is expected to close in early 2024.[21]

Notes and References

  1. Web site: History . dead . https://web.archive.org/web/20160327033420/https://limacorporate.com/aboutus.html?b=history . March 27, 2016 . 2019-11-28 . LimaCorporate . en.
  2. Web site: LimaCorporate Heads First 3D Printing Site on Hospital Campus to Address Complex Custom Orthopedic Implants . LimaCorporate.
  3. Web site: Environment .
  4. Web site: September 28, 2023 . Enovis to Acquire LimaCorporate S.p.A. . dead . https://web.archive.org/web/20231215144410/https://enovis.com/news-events/enovis-to-acquire-limacorporate-s-p-a/ . December 15, 2023 . Enovis.
  5. Web site: January 3, 2024 . Enovis Completes Acquisition of LimaCorporate S.p.A . 2024-01-24 . Enovis . Wilmington, Delaware . en.
  6. Web site: Our History . LimaCorporate.
  7. Web site: August 6, 2015 . LimaCorporate Enters into an Agreement for Distribution With Orthalign for Handheld Navigation Device . LimaCorporate.
  8. Web site: July 3, 2015 . LimaCorporate Announces Completion of Zimmer-Biomet Assets Acquisition . LimaCorporate.
  9. Web site: LimaCorporate Completes Acquisition ff Zimmer Biomet Assets in Japan .
  10. Web site: EQT and Hansjörg Wyss New Owners of LimaCorporate .
  11. Web site: 6 September 2018 . LimaCorporate Announces Milestone-Based Acquisition of Techmah Medical LLC to Expand Digital Footprint in Orthopaedics . LimaCorporate.
  12. Web site: January 7, 2019 . LimaCorporate Heads First 3D Printing Site on Hospital Campus to Address Complex Custom Orthopedic Implants . LimaCorporate.
  13. Web site: LimaCorporate Enters into an Agreement for Distribution With G21 for Spaceflex Cement Spacer Portfolio .
  14. Web site: LimaCorporate Enters into an Agreement with Dedienne Santé for Distribution of Dual Mobility Cups .
  15. Web site: LimaCorporate Inaugurates the New Research & Innovation Center for 3D Printing and the Advanced Laboratory for Testing and Analysis (ATLAs) .
  16. Web site: LimaCorporate is the First Italian Company to Obtain the EU Quality Certificate Under the MDR .
  17. Web site: LimaCorporate and HSS Partner to Open First Provider-Based Design and 3D Printing Center for Complex Joint Reconstruction Surgery .
  18. Web site: Shareholders .
  19. Web site: Massimo Calafiore appointed as new LimaCorporate CEO .
  20. Web site: Michele Marin Appointed as New Member of The Italian Board of Directors .
  21. Web site: EQT Private Equity to sell LimaCorporate to Enovis: The Italian site in San Daniele del Friuli will remain the fulcrum of production, benefiting from new investments .