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
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.