Two acquisitions have been completed in the orthopedic device industry in the past month, with another expected to be finalized Nov. 10:
Surgalign Holdings acquired Chicago-based medtech company Holo Surgical and its flagship technology, the ARAI surgical navigation system. Terms of the deal included a $30 million cash payment and 6.25 million shares of Surgalign common stock valued at about $12 million.
Olympus acquired FH Ortho, a France-based orthopedic device company. The acquisition will build upon Olympus' existing portfolio of products in ligament repair, foot and ankle surgery and trauma surgery. Terms of the transaction were not disclosed.
Stryker received all regulatory requirements for its proposed acquisition of Wright Medical, a company focused on orthopedic extremities and biologics. The deal is expected to close Nov. 10.