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Shalby acquires assets of US-based Consensus Orthopedics

An experienced team of over 40 Consensus employees will be joining Shalby as part of this transaction

Shalby has entered into a definitive agreement to acquire certain assets from Consensus Orthopedics (Consensus) a company headquartered in El Dorado Hills, Sacramento, California for a cash consideration of $11.45 million. The assets were acquired by Shalby Advanced Technologies, a wholly-owned subsidiary of Mars Medical Devices, which in turn is a wholly-owned subsidiary of Shalby.

Consensus designs and manufactures orthopaedic implants and instruments with sales predominantly in North America.

The acquired assets consists of inventory and plant and equipment. Product inventory includes knee systems, mobile bearing knee systems, hip systems and revision knee systems. The manufacturing plant and equipment consists of machining and finishing (60,000 components per annum), inspection (75,000-80,000 components per annum) and cleaning, packaging and sterilization (150,000 components per annum). The manufacturing site is US FDA certified and has ISO certification 13485:2016. In addition, an experienced team of over 40 Consensus employees will be joining Shalby as part of this transaction.

Shalby has also appointed Sushobhan Dasgupta as Vice Chairman and Global President of Shalby. Previously Dasgupta was Vice President-Orthopedics, DePuy Synthes at Johnson & Johnson Medical Asia Pacific. With over 30 years of experience in the field of healthcare, he has worked in several developed and emerging markets across several businesses and disciplines in the medical technology, orthopaedics and consumer health sectors. As Vice Chairman and Global President of Shalby, he will be responsible for managing the hospital business and all business heads will be reporting directly to him.

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