Fleurieux-sur-l’Arbresle – France – November 6, 2024, 6.00 p.m. Protected SA and its subsidiaries announce that they’ve emerged from the court-ordered receivership proceedings by advantage of a ruling handed down by the Pontoise Business Court docket on Wednesday November 6, 2024, in accordance with the ruling of November 5, 2024. The latter validated the restoration plans in addition to the brand new technique instilled and carried out by the brand new administration workforce since December 15, 2023.
The turnaround plans offered on the listening to on October 18, 2024 have been convincing. Main actions embrace:
– relocation of Protected Orthopaedics to Fleurieux-sur-l’Arbresle,
– industrial restructuring of Protected Orthopaedics in favor of a gross sales agent technique to enhance territorial protection,
– the implementation of recent industrial configurations to extend the Group’s machining capability and scale back manufacturing lead occasions.
As well as, to reinforce operational and geographic synergies between SpineUp on the one hand, and Protected Medical and Protected Orthopaedics on the opposite, it’s deliberate to convey them collectively underneath a single holding firm, to be often called the “Up Group”.
The robust complementarity between the actions of the 2 teams didn’t look forward to the merger, which ought to be accomplished by the top of the 12 months. SpineUp has already directed all its manufacturing orders for brand new initiatives to Protected Group corporations.
Victor Humberdot, Chairman: “We are delighted that the Business Court docket has positioned its belief in us. Lower than a 12 months after we took over the administration of Protected, we’re honored by this resolution. It’s the fruits of a 12 months’s onerous work to show the Group round. I congratulate the inner and exterior groups, in addition to all our companions, who’ve rallied round this mission, which remains to be in its early levels.”
Philippe Laurito, Chief Govt Officer: “Our emergence from receivership marks a brand new place to begin for the Group and its actions. Any further, we can concentrate on our hybrid providing, combining implant ranges based mostly on single-use and standard ancillary tools. It will allow us to pursue our roadmap much more actively and, past our guarantees, affirm Protected’s renaissance.”
About Protected Group
Protected Group is a French medical know-how group that brings collectively Protected Orthopaedics, a pioneer in ready-to-use applied sciences for spine pathologies, and Protected Medical (previously LCI Medical), a medical system subcontractor for orthopedic surgical procedures. The group employs roughly 100 folks.
Protected Orthopaedics develops and manufactures kits combining sterile implants and ready-to-use devices, out there at any time to the surgeon. These applied sciences are a part of a minimally invasive strategy geared toward decreasing the dangers of contamination and an infection, within the curiosity of the affected person and with a optimistic influence on hospitalization occasions and prices. Protected by 15 patent households, SteriSpineTM kits are CE marked and FDA permitted. Protected Orthopaedics has subsidiaries in the UK, Germany, the USA.
For extra data: www.safeorthopaedics.com
Protected Medical produces implantable medical gadgets and ready-to-use devices. It has an innovation heart and two manufacturing websites in France and in Tunisia, providing quite a few industrial companies: industrialization, machining, ending and sterile packaging.
For extra data: www.safemedical.fr
Contacts
SAFE GROUP AELYON ADVISORS
traders@safeorthopaedics.com protected@aelyonadvisors.fr
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