What you should know:
1. Anika will acquire Parcus Medical, a sports medicine company, and Arthrosurface, a joint surface and preservation solutions company.
2. Anika President and CEO Joseph Darling said the acquisitions will enhance the company’s commercial capabilities and infrastructure.
3. Parcus Medical will give Anika access to the ambulatory surgery center market, which could lead to new revenue streams. Anika is acquiring all membership interests for $35 million with $60 million in potential incentives.
4. Arthrosurface has an established product platform and a direct-hybrid sales model. Anika is acquiring Arthrosurface for $60 million with $40 million in potential incentives.
5. Anika expects the deals to close in the first quarter of 2020.
More articles on spine and orthopedics:
SeaSpine launches midline posterior fixation system — 3 insights
AAOS awards highest honor to Dr. Dana Covey
Woman arrested for prescription fraud — 4 insights
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
