Cascade Orthopedic Invests in Ortoped, Inc.
On October 7th, 2015, Cascade acquired 100% of the outstanding shares of
OrtoPed, Inc. from CETCO Capital and its sole shareholder, Jean-Pierre
Gibeault. Jeff Collins, President and CFO of Cascade, will succeed Gibeault as
the President of OrtoPed, and in country management will continue under the
leadership of Jean Dejardins, COO.
Collins stated, “Cascade has a rich history supporting the needs of the independent providers of prosthetic and orthotic care in Canada, tracing these roots to our inception in the early 1970’s. We are excited to begin working with the management and staff of OrtoPed to build upon and strengthen the breadth of products and services offered to the Canadian P&O community with this investment.”
Both OrtoPed and Cascade have made significant enhancements to their operations and services since 2002 when both Gibeault and Collins joined the O&P community through their respective participation, management and ownership of these companies.
“This investment is consistent with our vision to become the leading and most comprehensive distributor of prosthetic, orthotic and related supplies and services for certified, independent providers of prosthetic and orthotic care in North America. Our commitment to provide superior value and support on the products that we source and the services that we provide remains central to Cascade. These same values have been demonstrated by OrtoPed over the years, making this opportunity a natural fit,” said Collins.
“Of all the candidates to acquire OrtoPed, Cascade is by far the best one and really the one I trust to serve you well immediately and into the future. Cascade, as a distributor, stands out in terms of overall competence, commitment and dedication to its O&P community. I trust Jeff will bring the benefits of his care, competence and experience, with his team, to all the Canadian P&O professionals and to the Canadian P&O community in general,” said Gibeault.
Founded in 1981, OrtoPed has grown to become the largest distributor of prosthetics, orthotics, and lower extremity care products in Canada and we are excited to join forces with this exceptional company.
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