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Orthofix Completes Sale of Sports Medicine Business Featured

Written by  Laura Miller | Friday, 25 May 2012 09:22
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Orthofix has completed the divestiture of its sports medicine business unit, Breg, to Water Street Healthcare Partners.
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.

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