VISCOGLIOSI BROTHERS ACTS AS A STRATEGIC ADVISOR TO OLYMPUS CORPORATION ON OP-1 BONE ACQUISITION FROM STRYKER CORPORATION
NEW YORK, NY: December 8, 2010 –Viscogliosi Bros., LLC (VB), a merchant banking and venture capital/private equity firm focused exclusively on the musculoskeletal /orthopedics sector, today reported it acted as strategic advisor to Olympus Corporation for its $60 million purchase of Stryker Corporation's OP-1 bone product family, which includes OP-1 Implant, OP-1 Putty, Opgenra and Osigraft.
Anthony G. Viscogliosi, a Principal at VB, said: "We are extremely pleased to have had the opportunity to advise Olympus Corporation on this transaction. We believe that the combination of Olympus' existing biomaterial and regenerative medicine technologies and OP-1 bone products will allow Olympus to achieve a leadership position in regenerative medicine globally. We look forward to continuing to advise the Olympus team and unlocking the potential we all see in the OP-1 bone product family."
About Small Bone Innovations, Inc.
Established by Marc R. Viscogliosi, John J. Viscogliosi and Anthony G. Viscogliosi in New York City in 1999, Viscogliosi Bros., LLC (VB) was the first venture capital/private equity and merchant banking firm dedicated exclusively to the musculoskeletal/orthopedics sector of the health care industry.
VB's mission is to create, build and finance companies founded on innovations developed by surgeons and uniquely focused on "life changing" musculoskeletal/orthopedic technologies. Marc, Anthony and John Viscogliosi have executed multiple financial, strategic and management transactions for companies in the musculoskeletal/orthopedic sector.
Forward-looking statements
This news release contains forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on these forward-looking statements. Actual results may differ materially from those indicated by these forward-looking statements as a result of risks and uncertainties impacting SBi's business including increased competition; the ability of SBi to expand its operations and to attract and retain qualified professionals; technological obsolescence; general economic conditions; and other risks.