[SCHEDULE 13D/A] Orthofix Medical Inc. SEC Filing

Rhea-AI Filing Summary

Juniper-affiliated investors reported a collective 7.2% beneficial stake in Orthofix Medical Inc. The Schedule 13D/A shows Juniper Targeted Opportunity Fund, Juniper Targeted Opportunities and Juniper Multi-Strategy together hold 2,845,106 common shares, calculated against 39,494,265 outstanding shares as of the July 31, 2025 record date. Juniper Targeted Opportunity Fund purchased 457,680 shares for approximately $6,357,158 between May 9, 2025 and September 25, 2025, and Juniper Multi-Strategy purchased 18,926 shares for approximately $220,256 between May 8, 2025 and June 17, 2025, all in the open market. The filing states no other contracts or arrangements regarding the shares and disclaims broader third-party rights to dividends or proceeds.

Positive

• Material disclosed stake: Reporting Persons collectively hold 2,845,106 shares (7.2%) of Orthofix based on the July 31, 2025 record date.
• Open-market purchases disclosed: Juniper Targeted Opportunity Fund acquired 457,680 shares for ~$6.36 million and Juniper Multi-Strategy acquired 18,926 shares for ~$220,256.
• No special arrangements: The filing states there are no contracts, arrangements, or understandings regarding the securities beyond normal advisory/partner relationships.

Negative

• None.

Insights

Financial Analyst

TL;DR: Juniper entities have built a meaningful 7.2% stake through open-market purchases, signaling concentrated investor interest.

The filing documents a collective 2,845,106 share position equal to ~7.2% of Orthofix based on the issuer's July 31, 2025 share count. Purchases were executed in the open market with disclosed aggregate consideration: ~$6.36 million for 457,680 shares by Juniper Targeted Opportunity Fund and ~$220k for 18,926 shares by Juniper Multi-Strategy. For investors, an activist or strategic intent is not explicitly stated; however, filing under Schedule 13D requires disclosure and often precedes engagement. The absence of contracts, arrangements, or special rights suggests the position is currently passive although material in size relative to outstanding float.

Corporate Governance Expert

TL;DR: The filing discloses beneficial ownership and voting powers but shows no agreements or coordination beyond normal manager relationships.

Reporting persons include investment funds, their general partners, the investment advisor, and two managing members. The filing clarifies sole voting/dispositive power for each fund's holdings and disclaims broader beneficial ownership by affiliated entities and individuals for other purposes. Item 6 states there are no contracts or understandings concerning voting or transfer of the shares. From a governance perspective, this is transparent disclosure of ownership and control lines without current contractual governance commitments.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 2)

Orthofix Medical Inc.

(Name of Issuer)

Common stock, $0.10 par value per share

(Title of Class of Securities)

68752M108

(CUSIP Number)

John A. Bartholdson
Juniper Investment Company, LLC, 555 Madison Avenue, 24th Floor
New York, NY, 10022
(212) 339-8500

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

09/23/2025

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. 68752M108

1

Name of reporting person

Juniper Targeted Opportunity Fund, L.P.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 2,392,556.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 2,392,556.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

2,392,556.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

6.1 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP No. 68752M108

1

Name of reporting person

Juniper HF Investors II, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 2,392,556.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 2,392,556.00

11

Aggregate amount beneficially owned by each reporting person

2,392,556.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

6.1 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP No. 68752M108

1

Name of reporting person

Juniper Targeted Opportunities, L.P.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 407,124.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 407,124.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

407,124.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

1.0 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP No. 68752M108

1

Name of reporting person

Juniper Targeted Opportunity Investors, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 407,124.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 407,124.00

11

Aggregate amount beneficially owned by each reporting person

407,124.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

1.0 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP No. 68752M108

1

Name of reporting person

Juniper Multi-Strategy Fund, L.P.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 45,426.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 45,426.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

45,426.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.1 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP No. 68752M108

1

Name of reporting person

Juniper HF Investors, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 45,426.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 45,426.00

11

Aggregate amount beneficially owned by each reporting person

45,426.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.1 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP No. 68752M108

1

Name of reporting person

Juniper Investment Company, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 2,845,106.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 2,845,106.00

11

Aggregate amount beneficially owned by each reporting person

2,845,106.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

7.2 %

14

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13D

CUSIP No. 68752M108

1

Name of reporting person

Alexis P. Michas

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 2,845,106.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 2,845,106.00

11

Aggregate amount beneficially owned by each reporting person

2,845,106.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

7.2 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

CUSIP No. 68752M108

1

Name of reporting person

John A. Bartholdson

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 2,845,106.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 2,845,106.00

11

Aggregate amount beneficially owned by each reporting person

2,845,106.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

7.2 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common stock, $0.10 par value per share
(b)	Name of Issuer: Orthofix Medical Inc.
(c)	Address of Issuer's Principal Executive Offices: 3451 Plano Parkway, Lewisville, TEXAS , 75056.
Item 2.	Identity and Background
(a)	This Schedule 13D is being filed by: (i) Juniper Targeted Opportunity Fund, L.P., a Delaware limited partnership ("Juniper Fund"). (ii) Juniper HF Investors II, LLC, a Delaware limited liability company and the general partner of Juniper Fund ("Juniper HF II"). (iii) Juniper Targeted Opportunities, L.P., a Delaware limited partnership ("Juniper Targeted Opportunities"). (iv) Juniper Targeted Opportunity Investors, LLC, a Delaware limited liability company and the general partner of Juniper Targeted Opportunities ("Juniper TO"). (v) Juniper Multi-Strategy Fund, L.P., a Delaware limited partnership ("Juniper Multi-Strategy"). (vi) Juniper HF Investors, LLC, a Delaware limited liability company and the general partner of Juniper Multi-Strategy ("Juniper HF"). (vii) Juniper Investment Company, LLC, a Delaware limited liability company and the investment advisor to Juniper Fund, Juniper Targeted Opportunities and Juniper Multi-Strategy ("Juniper Investment Company"). (viii) Alexis P. Michas, as a managing member of each of Juniper HF II, Juniper TO, Juniper HF, and Juniper Investment Company; and (ix) John A. Bartholdson, as a managing member of each of Juniper HF II, Juniper TO, Juniper HF, and Juniper Investment Company.
(b)	555 Madison Avenue, 24th Floor, New York, New York 10022
(c)	The principal business of each of Juniper Fund, Juniper Targeted Opportunities and Juniper Multi-Strategy is to invest in the capital stock of various companies. The principal business of Juniper HF II is to serve as the general partner of Juniper Fund. The principal business of Juniper TO is to serve as the general partner of Juniper Targeted Opportunities. The principal business of Juniper HF is to serve as the general partner of Juniper Multi-Strategy. Juniper Investment Company provides investment advisory and management services and acts as the investment manager of Juniper Fund, Juniper Targeted Opportunities and Juniper Multi-Strategy. Each of Messrs. Michas and Bartholdson serves as managing member of Juniper HF II, Juniper TO, Juniper HF, and Juniper Investment Company.
(d)	During the past five years, none of the Reporting Persons has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e)	During the last five years, none of the Reporting Persons has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
(f)	Each of Messrs. Michas and Bartholdson is a United States citizen.
Item 3.	Source and Amount of Funds or Other Consideration
	Item 3 is hereby amended and supplemented by adding the following information: As of the date hereof, the Reporting Persons are deemed to beneficially own the Subject Shares as detailed in Items 1 and 5.
Item 4.	Purpose of Transaction
	Item 4 is hereby amended and supplemented by adding the following information.Between May 9, 2025, and September 25, 2025, Juniper Targeted Opportunity Fund, L.P. purchased 457,680 shares at an aggregate purchase price of approximately $6,357,158, which includes brokerage commissions, in the open market. Between May 8, 2025, and June 17, 2025, Juniper Multi-Strategy Fund, L.P. purchased 18,926 shares at an aggregate purchase price of approximately $220,256, which includes brokerage commissions, in the open market
Item 5.	Interest in Securities of the Issuer
(a)	The responses of the Reporting Persons to rows (7) through (13) of the cover pages of this Schedule 13D are incorporated herein by reference. (a) The percentages of ownership indicated in this Schedule 13D are calculated based on 39,494,265 Shares reported as outstanding as of July 31, 2025 (the "Record Date"), in the Issuer's Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2025, as filed with the United States Securities and Exchange Commission on August 5, 2025. As of the date of this Schedule 13D, the Reporting Persons collectively held an aggregate of 2,845,106 Shares, constituting approximately 7.2% of the Issuer's outstanding Shares as of the Record Date. As of the date of this Schedule 13D, each Reporting Person may be deemed to have direct beneficial ownership of the Shares as follows: (i) Juniper Fund beneficially owned 2,392,556 Shares, constituting approximately 6.1% of the Issuer's outstanding Shares as of the Record Date. (ii) Juniper Targeted Opportunities beneficially owned 407,124 Shares, constituting approximately 1% of the Issuer's outstanding Shares as of the Record Date. (iii) Juniper Multi-Strategy beneficially owned 45,426 Shares, constituting approximately 0.1% of the Issuer's outstanding Shares as of the Record Date. (iv) Juniper HF II, as the general partner of Juniper Fund, may be deemed to own beneficially (as that term is defined in Rule 13d-3 under the Securities Exchange Act of 1934) the 2,392,556 Shares held by Juniper Fund, constituting approximately 6.1% of the Issuer's outstanding Shares as of the Record Date. Juniper HF II disclaims beneficial ownership of such Shares for all other purposes. (v) Juniper TO, as the general partner of Juniper Targeted Opportunities, may be deemed to own beneficially (as that term is defined in Rule 13d-3 under the Securities Exchange Act of 1934) the 407,124 Shares held by Juniper Targeted Opportunities, constituting approximately 1% of the Issuer's outstanding Shares as of the Record Date. Juniper TO disclaims beneficial ownership of such Shares for all other purposes. (vi) Juniper HF, as the general partner of Juniper Multi-Strategy, may be deemed to own beneficially (as that term is defined in Rule 13d-3 under the Securities Exchange Act of 1934) the 45,426 Shares held by Juniper Multi-Strategy, constituting approximately 0.1% of the Issuer's outstanding Shares as of the Record Date. Juniper HF disclaims beneficial ownership of such Shares for all other purposes. (v) Juniper Investment Company, as the investment advisor of Juniper Fund, Juniper Targeted Opportunities and Juniper Multi-Strategy, may be deemed to own beneficially (as that term is defined in Rule 13-d under the Securities Exchange Act of 1934) the 2,845,106 Shares collectively and directly held by each of Juniper Fund, Juniper Targeted Opportunities and Juniper Multi-Strategy, constituting approximately 7.2% of the Issuer's outstanding Shares as of the Record Date. Juniper Investment Company disclaims beneficial ownership of such Shares for all other purposes. (vi) Each of Messrs. Michas and Bartholdson, as the managing member of Juniper HF II, Juniper TO, Juniper HF, and Juniper Investment Company, may be deemed to own beneficially (as that term is defined in Rule 13d-3 under the Securities Exchange Act of 1934) the 2,845,106 Shares held by Juniper Fund, Juniper Targeted Opportunities, Juniper Multi-Strategy, and Juniper Investment Company, constituting approximately 7.2% of the then outstanding Shares. Each of Messrs. Michas and Bartholdson disclaims beneficial ownership of such Shares for all other purposes.
(b)	Each of Juniper Fund, Juniper Targeted Opportunities and Juniper Multi-Strategy has the sole power to vote or direct their respective vote of 2,392,556, 407,124 and 45,426 Shares and the sole power to dispose or direct the disposition of such Shares. Juniper HF II, Juniper TO, Juniper HF, Juniper Investment Company and each of Messrs. Michas and Bartholdson may be deemed to share with Juniper Fund, Juniper Targeted Opportunities and Juniper Multi-Strategy, as applicable, the power to vote or to direct the vote and to dispose or to direct the disposition of such Shares.
(c)	Set forth on Exhibit A to this Schedule 13D is a list of transactions in the Shares effected by the Reporting Persons in the past sixty days. These transactions were all effected in the open market through a broker. Except for the foregoing, no other transactions in the Shares were affected by the Reporting Persons during the sixty days prior to the date of this Schedule 13D.
(d)	To the knowledge of the Reporting Persons, no person other than the Reporting Persons has the right to receive or the power to direct the receipt of dividends from, or proceeds from the sale of, the Shares that are the subject of this Schedule 13D.
(e)	Not applicable.
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	The response to Item 3 is incorporated herein by reference. Except as described in this Schedule 13D or incorporated by reference in this Schedule 13D, there are no contracts, arrangements, understandings or relationships (legal or otherwise) between any of the Reporting Persons or between any of the Reporting Persons and any other person with respect to any securities of the Issuer, including, but not limited to, transfer or voting of any securities, finder's fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or losses, or the giving or withholding of proxies.
Item 7.	Material to be Filed as Exhibits.
	Exhibit 99.A: Schedule of Transactions

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Juniper Targeted Opportunity Fund, L.P.

Signature:	/s/ John A. Bartholdson
Name/Title:	Managing Member of its General Partner, Juniper HF Investors II, LLC
Date:	09/25/2025

Juniper HF Investors II, LLC

Signature:	/s/ John A. Bartholdson
Name/Title:	Managing Member
Date:	09/25/2025

Juniper Targeted Opportunities, L.P.

Signature:	/s/ John A. Bartholdson
Name/Title:	Managing Member of its General Partner, Juniper Targeted Opportunity Investors, LLC
Date:	09/25/2025

Juniper Targeted Opportunity Investors, LLC

Signature:	/s/ John A. Bartholdson
Name/Title:	Managing Member
Date:	09/25/2025

Juniper Multi-Strategy Fund, L.P.

Signature:	/s/ John A. Bartholdson
Name/Title:	Managing Member of its General Partner, Juniper Targeted Opportunity Investors, LLC
Date:	09/25/2025

Juniper HF Investors, LLC

Signature:	/s/ John A. Bartholdson
Name/Title:	Managing Member
Date:	09/25/2025

Juniper Investment Company, LLC

Signature:	/s/ John A. Bartholdson
Name/Title:	Managing Member
Date:	09/25/2025

Alexis P. Michas

Signature:	/s/ Alexis P. Michas
Name/Title:	Managing Member
Date:	09/25/2025

John A. Bartholdson

Signature:	/s/ John A. Bartholdson
Name/Title:	Managing Member
Date:	09/25/2025

FAQ

What percentage of Orthofix (OFIX) do Juniper entities now own?

The Reporting Persons collectively beneficially own 2,845,106 shares, representing approximately 7.2% of Orthofix based on 39,494,265 outstanding shares as of July 31, 2025.

How were the shares acquired by Juniper funds?

The disclosed purchases were effected in the open market through a broker; Juniper Targeted Opportunity Fund and Juniper Multi-Strategy made the listed acquisitions.

What were the disclosed purchase amounts and dates?

Juniper Targeted Opportunity Fund purchased 457,680 shares for approximately $6,357,158 between May 9, 2025 and September 25, 2025; Juniper Multi-Strategy purchased 18,926 shares for approximately $220,256 between May 8, 2025 and June 17, 2025.

Do the reporting persons have any special agreements regarding voting or transfer of OFIX shares?

No. Item 6 states there are no contracts, arrangements, understandings or relationships with respect to the Issuer’s securities other than those described in the Schedule 13D/A.

Who are the individuals named in the filing?

The filing names Alexis P. Michas and John A. Bartholdson as managing members of the Juniper entities; both are U.S. citizens and signed the Schedule 13D/A.