DJO Global scoops up Minnesota maker of heat-sensitive casts

DJO Global, a California giant that makes orthopedic devices like medical braces, has snatched up Exos, a Minnesota startup known for its casts for sprains and fractures that can be reshaped when heated. As the Star-Tribune reports, neither side disclosed financial terms. But Exos CEO Fariborz Boor Boor told the newspaper that he was excited about the sale because his company's technology can now reach a far larger customer base. The sale solidifies a relationship that began in earnest in 2011, according to the article, when DJO became Exos's exclusive distributor for upper extremities-related products in North America and South America. Exos, meanwhile, is expected to stay as a separate unit based in Minnesota. Story