Here are two orthopedic company transactions in the past month.
A Stryker subsidiary acquired low-temperature sterilization technology company TSO3. The $52 million acquisition includes all the issued and outstanding common shares of the company, including existing indebtedness. TSO3 President and CEO Ric Rumble said the deal will provide the company with the resources to achieve its full potential.
Exactech acquired its independent distribution partner in Italy to create a new corporate subsidiary. The company plans to increase its investment in the subsidiary to distribute more products in Italy over the next few years. Exactech Italia currently distributes knee, hip and shoulder replacement systems as well as Exactech's computer-assisted surgery system, ExactechGPS.