Water Street Healthcare Partners purchased the sports medicine unit for $157.5 million less normal and customary working capital adjustments and indebtedness. The company applied $145 million of after-tax net proceeds to the prepayment of outstanding company indebtedness, which was required by the company’s existing credit agreement.
More Articles on Orthopedic Devices:
6 New Spine Device Company Financial Reports
10 Recent Orthopedic Device Company Partnership Agreements
Mazor Robotics Launches Application for Spinal Surgery System
Orthofix Completes Sale of Sports Medicine Business
Orthofix has completed the divestiture of its sports medicine business unit, Breg, to Water Street Healthcare Partners.
