Together, Breg and UOG will offer a suites of products and services to support orthopedic providers with preventing and rehabilitating orthopedic injuries. The combined product portfolio will feature four major brands of orthopedic braces, cold therapy devices and deep vein thrombosis prophylaxis products: Breg, Bledsoe BraceSystems, Hope Orthopedics and Cothera. In addition, customers will have access to an expanded menu of services to support the operations of their orthopedic practices with the addition of Viscent LLC, a UOG company specializing in billing.
“This merger brings together two [entities] who are regarded for their patient-centric product design and commitment to serving customers from every angle,” said Lee. “As one company, Breg and UOG offer a unique portfolio of products and services that meet most every need of orthopedic providers and their patients. Together we have the opportunity to shape new frontiers in orthopedic care.”
Breg and UOG’s merger comes as demand for rehabilitative products is growing, driven by the aging U.S. population, rising prevalence of chronic conditions and the health care industry’s focus on containing costs through non-surgical treatments. With nearly 60 years of combined experience in developing and manufacturing bracing and cold therapy products, Breg and UOG plan to leverage their research and development capabilities to develop new devices in collaboration with orthopedic providers.
“I am very pleased to have completed this merger with Breg,” said Gary Henley, CEO of UOG. “The combination of our design expertise and operational capabilities puts the company in a much stronger position to support customers with achieving their goals for improving patient outcomes and enhancing the overall patient experience.”
Henley will serve as an advisor to the combined company and be part of the executive steering committee that will lead the integration of Breg and UOG. Together, Breg and UOG will employ approximately 1,000 people and operate in 47 countries. UOG will operate as a wholly-owned subsidiary of Breg. The combined company will be headquartered in Carlsbad, Calif.
Financial terms of the merger are not being disclosed.