OrthoPediatrics Corp., an Indiana publicly traded company specializing exclusively in pediatric orthopedics, announced it has acquired MD Orthopaedics, an orthopedic device company based in the southeast Iowa town of Wayland. The acquisition, structured as a merger, includes MDO’s bracing product lines and the patented Mitchell Ponseti Ankle-Foot Orthosis system, a nonoperative treatment for clubfoot. OrthoPediatrics said it also plans to “leverage the MDO organization to develop several new innovative products that address the large unmet needs for specialty bracing within the pediatric orthopedic market.” OrthoPediatrics paid $17.1 million for MDO in a combination of cash and stock, according to a company filing with the U.S. Securities and Exchange Commission. Certain MDO employees also received awards of restricted stock in OrthoPediatrics worth an estimated $2.5 million, which will vest in three years. With an estimated 80% of pediatric orthopedic care involving nonsurgical treatment, MDO expands OrthoPediatrics’ total addressable market by an estimated $600 million, OrthoPediatrics said in a press release. Since its launch in 2004, MDO has treated an estimated 300,000 children across the globe. BCC Advisers in Des Moines served as MDO’s investment banker and advised in negotiations throughout all aspects of the sale process.