Physical therapy equipment plays a crucial role in the rehabilitation and recovery of individuals with various musculoskeletal and neuromuscular conditions. These devices are used by physical therapists to help patients regain strength, flexibility, and mobility.
Latest Physical therapy equipment Companies Update
Sep 2023: As part of its growth strategy, Enovis Corp. has agreed to pay €800 million to EQT Capital to purchase Limacorporate S.p.A. (Lima). The business hopes to reach $2 billion in revenue by 2024. A total of €700 million in cash and €100 million in Enovis common stock are involved in the transaction; the shares are anticipated to be issued within 18 months of the close. The firms claim that the transaction will create a new billion-dollar participant in the reconstructive operations market, with around half of its revenue coming from the rapidly expanding body-extremity-focused industries. Early in 2024 is when the deal is expected to close. By then, the business anticipates that sales from Lima's catalog—which now offers 3D-printed titanium implants and systems for the knees, hips, shoulders, and elbows—will be close to $300 million. According to Enovis, Lima's revenue has increased at high single-digit yearly rates over the last ten years, but in the last few years, it has jumped into "the low teens."
Physical Therapy Equipment Market Highlights:
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