Cardo Medical, a California firm specializing in orthopedic medical devices, has completed a merger with a shell company associated with Miami physician-entrepreneur Phillip Frost, the companies announced Monday.

Cardo Medical is merging with clickNsettle.com, a publicly traded company with no active operations that is led by President Glenn Halpryn, who has developed several similar shell firms for Frost investments. The deal was announced in June.

Frost is leading a group that invested $13 million in Cardo, which used $9.7 million of the money to close on the purchase of three partly owned subsidiaries, Accelerated Innovation, Cervical Xpand and Uni-Knee.

The new company will be called Cardo Medical. It trades at present as CKST.OB, but the firm is applying to be listed on the American Stock Exchange.

Andrew Brooks, an orthopedic surgeon, will lead the company, which is headquartered in Los Angeles.

Join the discussion

Note: If this is your first time using our NEW commenting system, you will have to LOG OUT and then LOG BACK IN.

The Miami Herald is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere in the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. In order to post comments, you must be a registered user of MiamiHerald.com. Your username will show along with the comments you post. Thank you for taking the time to offer your thoughts.

     Showing: Oldest first Newest first Most-recommended first Least-recommended first

@Nyx.AuthorDisplayName@ wrote on @Nyx.PostedAtTime@:

@Nyx.CommentBody@

@Nyx.Recommender@ @Nyx.AbuseReporter@