Orthopaedic Synergy, Inc. is launching an equity fund raising round of up to $9.5 million, regulatory documents show. The East Taunton, Mass.-based entity is a holding company for OMNIlife Science, Inc. in East Taunton, Christchurch, N.Z.-based Enztec Limited and Grenoble, France-based PRAXIM SA, all companies focused on the design, manufacture and distribution of orthopedic devices.
Orthopaedic Synergy’s business model is based on strategic acquisition of medical device firms with complementary technology. PRAXIM was acquired in May 2010.
The company has previously raised $9.4 million in debt across three rounds in 2010, but this is its first proposed equity financing, according to regulatory documents.