Nextremity Solutions was purchased for up to $70 million with milestone earnout payments of up to $30 million, according to a May 3 news release. The deal will help Medartis accelerate its U.S. extremities business.
As part of the merger, Nextremity CEO Rod Mayer was named president of Medartis’ U.S. business as a nonexecutive member.
The acquisition was first announced in March.
