a

Exactech sells spine assets to ChoiceSpine: 5 things to know Featured

Written by  Megan Wood | Wednesday, 01 February 2017 21:21
Social sharing

Knoxville, Tenn.-based ChoiceSpine acquired Gainesville, Fla.-based Exactech's spine products business.

Here are five things to know:

 

1. The companies did not disclose financial terms of the divestiture.

 

2. Exactech will now be able to focus on core extremity and large joint segment investments.

 

3. Exactech predicts the restructuring and selling of spine assets will result in a pre-tax charge between $15 million and $17 million to 2016 earnings.

 

4. The company anticipates 2017 revenue to fall between $264 million and $272 million, with earnings per share between $1.24 and $1.32.

 

5. The acquisition will enhance ChoiceSpine's international reach, adding Exactech's Spain, Portugal and Germany distribution partners to the company's existing Italy and Mexico distribution partners.

 

More articles on devices:
Zimmer Biomet enjoys a 106% increase in 2016 earnings — 8 things to know
5 key points on Trump's meeting with pharma execs
FDA premarket approvals dropped 51% in 2016 — but 2017 shaping up differently: 5 key notes

© Copyright ASC COMMUNICATIONS 2017. Interested in LINKING to or REPRINTING this content? View our policies here.

Top 40 Articles from the Past 6 Months