$70M deal to acquire Nextremity Solutions closes, new leadership named

Orthopedic

Medartis completed its acquisition of orthopedic devicemaker Nextremity Solutions.

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.

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