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'''LimaCorporate''' is a medical device company<ref name=":2">{{Cite web|url=http://www.limacorporate.com/|title=LimaCorporate - Orthopaedic Emotion|website=LimaCorporate.com|language=en|access-date=2019-11-28}}</ref>. LimaCorporate’s product range includes Large Joint Primary and Revision implants, Extremities and Fixation solutions and dedicated Patient-Specific prostheses division.<ref name=":0">{{Cite web|url=https://limacorporate.com/aboutus.html?b=history|title=History - LimaCorporate|last=|first=|date=|website=LimaCorporate.com|language=en|url-status=live|archive-url=|archive-date=|access-date=2019-11-28}}</ref>
'''LimaCorporate''' is a medical device company.<ref name=":2">{{Cite web|url=http://www.limacorporate.com/|title=LimaCorporate - Orthopaedic Emotion|website=LimaCorporate.com|language=en|access-date=2019-11-28}}</ref> LimaCorporate’s product range includes Large Joint Primary and Revision implants, Extremities and Fixation solutions and dedicated Patient-Specific prostheses division.<ref name=":0">{{Cite web|url=https://limacorporate.com/aboutus.html?b=history|title=History - LimaCorporate|last=|first=|date=|website=LimaCorporate.com|language=en|url-status=live|archive-url=|archive-date=|access-date=2019-11-28}}</ref>


Headquartered in Italy, with over 1000 staff members and 3 production plants worldwide, LimaCorporate has established '''25 direct subsidiaries in Europe, the US, Asia-Pacific, and Latin America'''. Combined with a network of distributors, LimaCorporate operates in more than 42 countries.<sup>[2]</sup>.<ref>{{Cite web|url=https://limacorporate.com/world-wide.html|title=LimaCorporate Worldwide|last=|first=|date=|website=LimaCorporate.com|language=en|url-status=live|archive-url=|archive-date=|access-date=2019-11-28}}</ref>
Headquartered in Italy, with over 1000 staff members and 3 production plants worldwide, LimaCorporate has established '''25 direct subsidiaries in Europe, the US, Asia-Pacific, and Latin America'''. Combined with a network of distributors, LimaCorporate operates in more than 42 countries.<sup>[2]</sup>.<ref>{{Cite web|url=https://limacorporate.com/world-wide.html|title=LimaCorporate Worldwide|last=|first=|date=|website=LimaCorporate.com|language=en|url-status=live|archive-url=|archive-date=|access-date=2019-11-28}}</ref>

Revision as of 18:40, 10 September 2021

LimaCorporate
Company typeMedical devices
FoundedFriuli Venezia Giulia, Italy (1945)
FounderCarlo Leopoldo Lualdi
HeadquartersVillanova, San Daniele del Friuli, Italy
Key people
Luigi Ferrari (CEO)
Michele Marin (CFO)
ProductsMedical devices Reconstructive and custom-made orthopedic solutions
Websitewww.limacorporate.com

LimaCorporate is a medical device company.[1] LimaCorporate’s product range includes Large Joint Primary and Revision implants, Extremities and Fixation solutions and dedicated Patient-Specific prostheses division.[2]

Headquartered in Italy, with over 1000 staff members and 3 production plants worldwide, LimaCorporate has established 25 direct subsidiaries in Europe, the US, Asia-Pacific, and Latin America. Combined with a network of distributors, LimaCorporate operates in more than 42 countries.[2].[3]

In 2021 LimaCorporate was the first to bring 3D printing to a hospital setting.[4]

History

The founder of LimaCorporate, Carlo Leopoldo Lualdi, began manufacturing surgical instruments in 1945.[2]

In 1953, the first helicopter prototype was created, relying solely on Italian know-how. Since then, and until the year 2000, LimaCorporate became one of the most important suppliers in the aerospace sector.[2]

Between the 1960s and 1980s, the core business expanded into the manufacturing of medical devices, specifically titanium orthopedic prostheses.[2]

In the 1990s, the company continued to focus on the medical devices market with the specific aim of broadening its presence on a global level. In the year 2000, this approach led to Lima’s decision to exclusively specialize in the production of Orthopedic implants.[2]

In the 2000s, LimaCorporate made the decision to develop the EBM (Electron Beam Melting) technology, or additive manufacturing, to address the functional limitations of the coatings applied to traditional prosthetic implants. In 2007, the company’s first acetabular cup featuring TT, LimaCorporate’s proprietary 3D printing technology, was developed and implanted for the first time in Italy.[5]

Furthermore, the company announced the completion of a Distribution Agreement with OrthAlign, Inc. for a tibial/femoral handheld navigation device and associated instrumentation to be supplied within the European Economic Area (EEA) and Switzerland markets, excluding Romania.[6]

Additionally, the company announced the completion of an assets acquisition process with Zimmer Holdings Inc. on July 3, 2015. They acquired the Zimmer® Unicompartmental High Flex Knee (ZUK) and Biomet® elbow system for distribution within the European Economic Area (EEA), Switzerland and Japan as well as the Biomet® complete knee system for Denmark and Sweden.[7] The agreement was approved by the Japanese Fair Trade Commission at the end of the same year.[8]

In 2016, EQT, with Hansjörg Wyss as the co-investor, completed the acquisition process for the majority of shares of LimaCorporate.

In 2018, LimaCorporate acquired TechMah Medical LLC, a medical device software company located in Tennessee (USA), to offer digital applications that complement their hardware portfolio.[9]

In 2019, LimaCorporate announced the completion of a distribution agreement with G21 S.r.l. to supply cement spacer molds for the shoulder, hip and knee as well as antibiotic-loaded bone cement.[10] Additionally, the company entered into an agreement with Dedienne Santé S.a.s. to distribute dual mobility acetabular cups in the European Economic Area (EEA) and Switzerland.[11]

In 2020 opened new spaces located in LimaCorporate’s headquarters campus of San Daniele del Friuli, Udine, Italy, and entirely dedicated to 3D Printing and advanced testing: The Research & Innovation Center (R&I Center) and the Advanced Laboratory for Testing and Analysis (ATLAs). In the same year, LimaCorporate was the first Italian company to obtain the EU Quality Management System Certificate under Medical Devices Regulation (MDR) for Class III Custom-Made devices. [13]

On March 24th, 2021 LimaCorporate opens the ProMade PoC Center for Complex Orthopedic Solutions at HSS, the first industry-owned and operated design and 3D printing center on hospital grounds. Located at the HSS main campus in New York City, the ProMade PoC (Point of Care) Center is LimaCorporate’s first US-based, FDA-regulated commercial manufacturing facility and will deliver faster and more accessible care for U.S. patients requiring patient-specific solutions for their complex orthopedic conditions. [15]

Products & technologies

Since 2007, LimaCorporate has been a pioneer in the 3D printing of standard and custom implants for Orthopedic applications and conceived, produced and patented the TT technology, the next generation in additive manufacturing technology. LimaCorporate boosted over ten years of clinical heritage with 3D printed implants.[12]

On the Digital front, LimaCorporate is developing Smart SPACE a 3D digital pre-operative and intra-operative surgical guidance platform which uses AI and machine learning to advance the platform digital suite supporting all algorithms behind the LimaCorporate solutions.

Corporate governance

Since March 2016, LimaCorporate has been owned by EQT.[13]

EQT is a purpose-driven global investment organization with a 27-year-long history and approximately EUR 71 billion in assets under management.

EQT has more than 180 portfolio companies located in Europe, Asia, and the US and counts more than 175,000 employees worldwide. EQT works with portfolio companies to achieve sustainable growth, operational excellence, and market leadership.

LimaCorporate’s Advisory Board includes Industry Experts who support the company’s growth:

  • Michel Orsinger, Chairman of the Board
  • Doug Kohrs, Board Member
  • Eric Lohrer, Board Member
  • Massimo Rossi, Board Member
  • Michael Bauer, Board Member
  • Rodrigo Bianchi, Board Member
  • Petra Rumpf, Board Member

Luigi Ferrari has been the CEO of LimaCorporate since November 2012, and Michele Marin has been the CFO since March 2018.[14]

Recent acquisitions

2015

The company announced the completion of an assets acquisition process with Zimmer Holdings Inc. on July 3, 2015. They acquired the Zimmer® Unicompartmental High Flex Knee (ZUK) and Biomet® elbow system for distribution within the European Economic Area (EEA), Switzerland and Japan as well as the Biomet® complete knee system for Denmark and Sweden.[7] The agreement was approved by the Japanese Fair Trade Commission at the end of the same year.[8]

2018

In 2018, LimaCorporate acquired TechMah Medical LLC, a medical device software company located in Tennessee (USA), to offer digital applications that complement their hardware portfolio.[9]

Awards

LimaCorporate’s awards include the following:

  • SMAU Innovation Award 2017[15]
  • Award for the Best Strategy for Capital Market Use in 2016-2017 [16]
  • Diversity and Inclusion Award 2018 [17]

References


  1. ^ "LimaCorporate - Orthopaedic Emotion". LimaCorporate.com. Retrieved 2019-11-28.
  2. ^ a b c d e "History - LimaCorporate". LimaCorporate.com. Retrieved 2019-11-28.{{cite web}}: CS1 maint: url-status (link)
  3. ^ "LimaCorporate Worldwide". LimaCorporate.com. Retrieved 2019-11-28.{{cite web}}: CS1 maint: url-status (link)
  4. ^ "LimaCorporate Heads First 3D Printing Site On Hospital Campus To Address Complex Custom Orthopedic Implants" (PDF).{{cite web}}: CS1 maint: url-status (link)
  5. ^ "LimaCorporate celebrates 10 years of 3D printing: Trabecular Titanium" (PDF).{{cite web}}: CS1 maint: url-status (link)
  6. ^ "LimaCorporate enters into an Agreement for Distribution with Orthalign for Handheld Navigation Device" (PDF).{{cite web}}: CS1 maint: url-status (link)
  7. ^ a b "LimaCorporate announces completion of Zimmer-Biomet assets acquisition. Combination of assets strengthens Lima in the knee and extremities market" (PDF).{{cite web}}: CS1 maint: url-status (link)
  8. ^ a b "Lima Corporate completes acquisition of Zimmer Biomet assets in Japan" (PDF).{{cite web}}: CS1 maint: url-status (link)
  9. ^ a b "LimaCorporate announces milestone-based acquisition of Techmah Medical LLC to expand digital footprint in orthopaedics" (PDF).{{cite web}}: CS1 maint: url-status (link)
  10. ^ "LimaCorporate enters into an Agreement for distribution with G21 for Spaceflex Cement Spacer Portfolio" (PDF).{{cite web}}: CS1 maint: url-status (link)
  11. ^ "Limacorporate enters into an Agreement with Dedienne Santé for Distribution of Dual Mobility Cups".{{cite web}}: CS1 maint: url-status (link)
  12. ^ "LimaCorporate - Technology".{{cite web}}: CS1 maint: url-status (link)
  13. ^ https://limacorporate.com/en/about-us/shareholders.html, Lima Shareholders. {{cite web}}: External link in |last= (help); Missing or empty |title= (help); Missing or empty |url= (help)CS1 maint: url-status (link)
  14. ^ "Michele Marin appointed as new Member of the Italian Board of Directors" (PDF).{{cite web}}: CS1 maint: url-status (link)
  15. ^ "SMAU Innovation Award 2017".{{cite web}}: CS1 maint: url-status (link)
  16. ^ "Best Strategy for Capital Market Use in 2016-2017".{{cite web}}: CS1 maint: url-status (link)
  17. ^ "Diversity and Inclusion Award 2018".{{cite web}}: CS1 maint: url-status (link)
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