Ossur HF, an Icelandic medical device company with North American headquarters in Aliso Viejo, said Wednesday that it bought Foothill Ranch-based Innovation Sports Inc. for $38.4 million.
Ossur is known for prosthetic devices. The Innovation acquisition would boost its presence in the largest segment of the orthopedic brace market,ligament braces, said Chief Executive Jon Sigurdsson in a statement.
Innovation, established in 1983, has 150 workers and is expecting sales of $19 million for 2005.
The company designs and makes knee braces to treat ligament injuries and for rehabilitative uses, as well as protective braces for athletes.
