Wednesday, August 17, 2022
OANDP-L
  • Login
No Result
View All Result
The O&P EDGE
  • PECOS
  • Magazine
    • Subscription
    • Current Issue
    • Issue Archive
    • News Archive
    • Product & Service Directory
    • Advertising Information
  • O&P Jobs
    • Find a Job
    • Post a Job
  • EDGE Advantage
  • O&P Facilities
  • Resources
    • Product & Service Directory
    • Calendar
    • Contact
    • About Us
    • O&P Library
    • The Guide
    • Custom Publications
    • Advertising Information
    • EDGE Direct
    • Amplitude Media Group
  • PECOS
  • Magazine
    • Subscription
    • Current Issue
    • Issue Archive
    • News Archive
    • Product & Service Directory
    • Advertising Information
  • O&P Jobs
    • Find a Job
    • Post a Job
  • EDGE Advantage
  • O&P Facilities
  • Resources
    • Product & Service Directory
    • Calendar
    • Contact
    • About Us
    • O&P Library
    • The Guide
    • Custom Publications
    • Advertising Information
    • EDGE Direct
    • Amplitude Media Group
No Result
View All Result
The O&P EDGE Magazine
No Result
View All Result
Home News

Thuasne Acquires Knit-Rite, Therafirm

by The O&P EDGE
January 8, 2021
in News
0
SHARES
30
VIEWS
Share on FacebookShare on Twitter

The Thuasne Group, headquartered in Levallois-Perret, France, with US headquarters in Bakersfield, California, acquired Knit-Rite, Kansas City, Kansas, and its Therafirm division. The transaction closed on December 31, 2020. It marks Thuasne’s fourth and largest acquisition in the United States in ten years, including purchases of Townsend Design in 2011, and Quinn Medical in 2016.

 

Chris Vering will succeed Mark Smith, CP(r), Knit-Rite majority selling shareholder, as CEO of Knit-Rite/Therafirm. The acquisition gives Thuasne a new market for prosthetic socks and prosthetic textile interfaces, with a significant market leading position in the United States. The combined companies boast over 2,450 associates and more $300 million in revenue globally. The group is now present in 85 countries, in particular through its 15 subsidiaries in Europe, the United States, and Asia. 

 

“This acquisition confirms the ambition for the Thuasne Group to have a global presence in both the phlebology and lymphology treatment categories, with compliance in each geographic specification (CE, FDA),” said Elizabeth Ducottet, Thuasne Group chairman and CEO. “Thuasne’s expertise in French and German standards, with confirmed proven efficacy of bandage and stocking treatment, complimented by Knit-Rite’s knowledge in the US standards, gives us the capacity to provide solutions for patients globally.”

 

“We salute the work accomplished by Mark Smith and the Knit-Rite management team over the last 15 years, which will engage the Thuasne Group in developing projects with the same spirit of excellence. As a family-owned French mid-sized company, we will rely on the local management teams and on their expertise to reinvest and develop the bases that were integrated by this acquisition,” said Delphine Hanton, Thuasne Group CEO.

 

“I am so proud that Knit-Rite and Therafirm have served patients, practitioners, and our profession with excellence for over 98 years, three generations, and in 50 countries,” said Smith. “It has been a tremendous blessing to be part of my whole life. In this light, I am extremely pleased we have the opportunity to pass the torch to Thuasne as a sixth-generation patient-driven company which likewise serves both the O&P and compression markets. It’s a match from heaven that will ensure our customers and over 170 associates an exciting future, through commitment to patient solutions and expanding presence for the clinical professions we both exist to serve.”

 

Related posts:

  1. Knit-Rite Division Relocates Manufacturing Facility
  2. Cascade Orthopedic Supply Acquires Knit-Rite O&P Distribution Division
  3. Tamarack, Knit-Rite Collaborate
  4. Smith Family and Management Re-acquire Knit-Rite
Previous Post

SBA Extends COVID-19 Loan Application Deadline

Next Post

Innovative P&O Partners with University

Next Post

Innovative P&O Partners with University

  • VIEW CURRENT ISSUE
  • SUBSCRIBE FOR FREE

RECENT NEWS

News

ROMP’s Zacapa, Guatemala, Clinic Goes Independent

by The O&P EDGE
August 10, 2022

The Range of Motion Project NFP (ROMP Global) announced that the Asociación Civil Proyecto de Rangos de Movimiento prosthetics clinic...

Read more

OPGA Names New President

WillowWood Names Managing Director, International Markets

Hanger Reports 2Q 2022 Financial Results

Get unlimited access!

Join EDGE ADVANTAGE and unlock The O&P EDGE's vast library of archived content.
SUBSCRIBE TODAY

O&P JOBS

Eastern

Orthotic/Prosthetic Technician

Central

Pediatric Orthotic and Prosthetic Services (POPS) at Shriners Children’s Texas (SCT) is looking for a dynamic and engaging individual to join our team

Orthotic Technician

 

© 2021 The O&P EDGE

  • About
  • Advertise
  • Contact
  • EDGE Advantage
  • OANDP-L
  • Subscribe

CONTACT US

866-613-0257

[email protected]

201 E. 4th St
Loveland, CO 80537

The most important industry news and events delivered directly to your inbox every week.

No Result
View All Result
  • PECOS
  • MAGAZINE
    • SUBSCRIBE
    • CURRENT ISSUE
    • ISSUE ARCHIVE
    • NEWS ARCHIVE
    • PRODUCTS & SERVICES DIRECTORY
    • ADVERTISING INFORMATION
  • O&P JOBS
    • FIND A JOB
    • POST A JOB
  • EDGE ADVANTAGE
  • FACILITES
  • RESOURCES
    • PRODUCTS & SERVICES DIRECTORY
    • CALENDAR
    • CONTACT
    • ABOUT US
    • O&P LIBRARY
    • THE GUIDE
    • CUSTOM PUBLICATIONS
    • ADVERTISING
    • EDGE DIRECT
    • AMPLITUDE
  • OANDP-L
  • LOGIN

© 2021The O&P EDGE

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
The O&P EDGE Magazine
 
Required 'Candidate' login to applying this job. Click here to logout And try again
 

Login to your account

  • Forgot Password? | Sign Up

Reset Password

  • Already have an account? Login

Enter the username or e-mail you used in your profile. A password reset link will be sent to you by email.

Signup to your Account

  • By clicking checkbox, you agree to our Terms and Conditions and Privacy Policy

    Already have an account? Login

Close
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
 

Account Activation

Before you can login, you must activate your account with the code sent to your email address. If you did not receive this email, please check your junk/spam folder. Click here to resend the activation email. If you entered an incorrect email address, you will need to re-register with the correct email address.