Biotech is a French orthopedic device manufacturer that focuses on foot and ankle implants. The acquisition will allow Wright Medical to greatly expand its French presence and add to its portfolio.
The deal was made for $55 million in cash and $20 million in common stock. If Biotech meets specific 2014 and 2015 milestones, it can qualify for another $5 million in cash.
More Articles on Devices:
NuVasive Celebrates 10 Years, Launches Bendini Spinal Rod Bending System & XLIF Decade Plate
DePuy Synthes Files Suit, Alleges Globus Medical Violated Contracts With Sales Reps
Device Companies —7 Key Notes — DePuy Synthes, Zimmer & More
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.
