EXHIBIT 10.3
Consent of Independent Auditors

We consent to the incorporation by reference in the Registration Statement on
Form S-8 (File No. 333-5932), on Form S-8 (File No. 339-6172), on Form S-8 (File
No. 339-6066), on Form S-8 (File No. 335-0900) and on Form S-8 (File No.
333-68700) pertaining to the Orthofix International N.V. Staff Share Option Plan
and the Orthofix International N.V. Executive Share Option Plan of our report
dated 7 June 2002, with respect to the consolidated financial statements and
schedules of Inter Medical Supplies Limited (which statements are not presented
separately herein) in the Annual Report on Form 20-F for the year ended December
31, 2001.


/s/ ERNST & YOUNG
21 June 2002
Ernst & Young
Nicosia, Cyprus