HealthpointCapital-backed CrossRoads Acquires Surgical Frontiers' Implant Systems

Companion Spine Acquires Coflex and CoFix Implants and Paradigm Spine from Xtant Medical

July 8, 2025

Medical Devices

Companion Spine LLC entered into a definitive agreement to acquire Coflex and CoFix spine implant assets and all OUS entities of Paradigm Spine GmbH from Xtant Medical Holdings, Inc., with completion expected in 3Q 2025. The transaction totals $19.2 million, including cash at closing and short-term seller financing, and is intended to strengthen Companion Spine’s global posterior dynamic spine stabilization and motion preservation portfolio.

HealthpointCapital Acquires Majority Stake in ImmersiveTouch, Inc.

June 30, 2025

Medical Devices

HealthpointCapital acquired a majority stake in ImmersiveTouch, Inc., the Chicago-based developer of the ImmersiveView VR/AR surgical planning and navigation platform. The investment will support commercialization and further development of ImmersiveTouch’s patient-specific surgical planning, 3D printing and AR guidance capabilities for craniofacial, neuro and trauma surgery.

DePuy Synthes (Johnson & Johnson) Acquires CrossRoads Extremity Systems from HealthpointCapital

February 10, 2022

Medical Devices

DePuy Synthes, the orthopaedics business of Johnson & Johnson, has acquired CrossRoads Extremity Systems, a Memphis-based designer and manufacturer of procedure-specific implants and instruments for foot and ankle surgery. The seller was HealthpointCapital (with long-time investor MB Venture Partners involved); HealthpointCapital had acquired a majority stake in CrossRoads in May 2019 and executed product and commercial expansion before the sale.

Accel-KKR Acquires Majority Stake in Surgical Information Systems; Norwest Retains Minority

October 19, 2020

Healthcare Services

Accel-KKR completed a majority equity investment in Surgical Information Systems (SIS) on October 15, 2020, in a recapitalization that sees Norwest Equity Partners retain a minority ownership stake and invest alongside Accel-KKR. The transaction will support SIS’s growth and accelerate adoption of its cloud-based EMR and perioperative SaaS offerings for ambulatory surgery centers and hospitals; financial terms were not disclosed.

HealthpointCapital Acquires Majority Stake in IlluminOss Medical

May 1, 2020

Medical Devices

HealthpointCapital, a private equity firm focused on musculoskeletal healthcare, acquired a majority stake in IlluminOss Medical, a commercial-stage medical device company that makes the Photodynamic Bone Stabilization System for fracture repair. HealthpointCapital said it will partner with IlluminOss to accelerate commercialization, expand regulatory approvals, and drive growth in the orthopedic trauma and geriatric fracture markets. Transaction terms were not disclosed.

HealthpointCapital Acquires Controlling Stake in CrossRoads Extremity Systems

May 14, 2019

Medical Devices

HealthpointCapital has acquired a controlling (majority) stake in CrossRoads Extremity Systems, a Memphis-based developer and manufacturer of foot & ankle implants, procedure-specific sterile-packed instrumentation, and the EcoSMART instrument recovery service. HealthpointCapital will partner with CrossRoads' co-founders and management, providing additional equity to fund organic growth, expand the company's portfolio and market presence, and pursue bolt-on acquisitions.