Ronkonkoma, NY-based Orthotic Holdings Inc (OHI) has purchased Aetrex Worldwide’s Apex Foot Health & Wellness division, the companies reported on March 3. The new entity will be known as Apex Foot Heath Industries, LLC, and will stay at Apex’s current location in Teaneck, NJ.
The acquisition will allow OHI to increase its lower extremity offerings, said Ivan Sabel, CEO of OHI.
The transition should be seamless, with no disruption to customers or patients, and Aetrex’s management team will continue to serve as senior strategic advisors to OHI, according to an Aetrex release.
A 20-year relationship between the two companies paved the way for the sale, according to Larry Schwartz, Aetrex Worldwide CEO.
“Together, we’ve served thousands of customers and millions of patients whose consequent outcomes have benefitted measurably through the partnership. I’m fully confident that such relationships and patient outcomes will continue to thrive under the OHI umbrella,” he said.