Water Street Healthcare Partners purchased the sports medicine unit for $157.5 million less normal and customary working capital adjustments and indebtedness. The company applied $145 million of after-tax net proceeds to the prepayment of outstanding company indebtedness, which was required by the company's existing credit agreement.
More Articles on Orthopedic Devices:
6 New Spine Device Company Financial Reports
10 Recent Orthopedic Device Company Partnership Agreements
Mazor Robotics Launches Application for Spinal Surgery System
Orthofix Completes Sale of Sports Medicine Business FeaturedWritten by Laura Miller | Friday, 25 May 2012 09:22
Orthofix has completed the divestiture of its sports medicine business unit, Breg, to Water Street Healthcare Partners.
© Copyright ASC COMMUNICATIONS 2011. Interested in LINKING to or REPRINTING this content? View our policies here.
New from Becker's Orthopedic & Spine Review