Pioneer Surgical Buys Angstrom Medica

Pioneer Surgical Technology, a Marquette, Mich.-based maker of spinal and orthopedic implants, has acquired Angstrom Medica Inc., a Woburn, Mass.-based developer of an implantable nanotech-based medical device that can remodel human bone. No financial terms were disclosed. Pioneer has raised over $32 million in VC funding from such firms as Pharos Capital Group, Highlander Partners, Hopewell Ventures and River Cities Capital Funds.