A Medical Device Daily

BioHorizons Implant Systems (Birmingham, Alabama) reported that its parent company has agreed to buy Implant Logic Systems (ILS; Cedarhurst, New York), a provider for the implant dentistry market.

Financial terms were not disclosed.

ILS’s Virtual Implant Placement software is intended to enable clinicians to view CT scans and create virtual implant treatment plans, the company said. Then, the clinician can use the company’s Compu-Guide systems to create custom milled surgical guides that bring the virtual treatment plan into the operating suite, BioHorizons added.

According to Steven Boggan, president/CEO of BioHorizons, the acquisition addresses a customer need.

“Our customers have expressed great interest in computer assisted implant treatment planning software and surgical guides,” Boggan said. “In addition, the Compu-Guide surgical guide system is designed to allow the clinician to place implants more accurately, more quickly and more safely than is otherwise possible. The acquisition of ILS will create significant value for our customers.”

BioHorizons was founded in 1994 as an incubator company at the University of Alabama-Birmingham. HealthpointCapital (New York) bought the company in 2006.

In other dealmaking activity, Harbor Acquisition (Boston) said its stockholders want more time to consider and vote on the company’s acquisition of Elmet Technologies (Lewiston, Maine). The stockholders have adjourned until 10 a.m. EST Feb. 8.

Founded in 1929, Elmet became an independent company in early 2004 when its current CEO Jack Jensen led the management buyout of Elmet from its former parent, Philips Electronics North America. Elmet provides refractory metal solutions to OEMs serving various industries, including medical. The company makes custom-engineered components used in products such as medical imaging devices, silicon wafer chip manufacturing equipment, and specialty commercial and residential lighting applications.

Harbor is a publicly traded, special-purpose acquisition corporation formed to acquire a company in the industrial or consumer products sectors. Upon completion of the transaction, Harbor intends to change its name to Elmet Technologies.