Medartis to acquire Nextremity Solutions


Swiss medical device company Medartis will acquire Nextremity, an orthopedics-focused product development company, Medartis said in a March 7 news release. 

Medartis said the acquisition of the Warsaw, Ind.-based company will allow it to expand its lower and upper extremities business in the U.S. The company's leadership team, including CEO Rod  Mayer, will stay in place, according to Medartis CEO Christoph Brönnimann.

Medartis said it will purchase Nextremities for up to $70 million, with an initial payment of $40 million upon closing of the deal, which is expected to be completed during the first half of this year.

Medartis said the first products under its ownership are expected to be launched in 2023.

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