Contacts: Anthony G. Viscogliosi, Viscogliosi Bros, LLC (212) 583-9700
Nick Kilsby, Creative Partners (203) 705-9202
VISCOGLIOSI BROS., LLC ACQUIRES ENVISION MANUFACTURING, INC.
New York, NY: February 21, 2005 - Viscogliosi Bros., LLC (“VB”)
is pleased to announce the completion of an asset purchase agreement
with Envision Manufacturing, Inc. (“Envision”). Based in
Morrisville, PA, Envision is an established original equipment manufacturer
(OEM) of medical devices for leading orthopaedic companies. Under the
terms of the agreement, VB acquired all assets of Envision in exchange
for a one-time payment to its owners.
Envision’s manufacturing facility produces a wide range of fixation
devices - from plates, screws, and pins to more intricate orthopaedic
products. The company has produced devices covering the full spectrum
of clinical stages and anatomies involved in musculoskeletal treatment,
including fracture management, joint replacement, sports medicine, spinal
fusion, and joint reconstructive surgery.
Mr. Anthony G. Viscogliosi, a Principal of VB, said: “VB is excited
to team with Envision’s management to develop its manufacturing
business. We believe the company will be a valuable resource for a number
of our portfolio companies. With dedicated manufacturing facilities
at our disposal, we expect to maintain market leadership with superior
product quality, efficient supply chain management, and logistics systems.”
Alan Miller, former President of Envision, said: “Through its
work with non-fusion spine technologies, VB has exhibited farsighted
thinking as well as commitment to its strategic vision. VB’s portfolio
companies will benefit substantially from our manufacturing experience.
With VB’s leadership, strategic vision and financial support we
further believe we will be able to significantly expand our current
VB anticipates that the purchase of Envison will leverage VB’s
other recent acquisitions, which include San Diego-based Avanta Orthopaedics.
Envision’s extensive manufacturing capability and expertise will
contribute to a more vertically integrated structure and permit the
ramping up of current production along with the quick introduction of
About Viscogliosi Bros., LLC
Established by Marc R. Viscogliosi, John J. Viscogliosi and Anthony
G. Viscogliosi in New York City in 1999, VB was the first venture capital/private
equity and merchant banking firm dedicated to the musculoskeletal/orthopedics
sector of the health care industry. Today, VB is a leading independent
firm with a mission to create, build and finance companies founded on
innovations developed by surgeons and uniquely focused on "life
changing" musculoskeletal/orthopedic technologies. VB has worldwide
surgeon, industry and trade relationships and significant financial
expertise in the musculoskeletal/orthopedic sector.
As principals of VB, the Viscogliosi brothers have a combined total
of more than 35 years experience analyzing and investing in the musculoskeletal/orthopedics
sector. The have pioneered innovative financial, strategic and management
initiatives for companies in the sector, from start-up, seed and development
stage all the way to exit, while helping thousands of people lead better
lives through the orthopedic and spinal products marketed and sold by
the companies they have assisted in developing and financing.
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