Medical Instruments & Supplies M&A » By The Online Investor Staff, updated Thu., Apr. 18, 7:24 PM
Recent mergers and acquisitions in the Medical Instruments & Supplies M&A category.
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Slide #29. Wright Medical Group, Inc. — Solana Surgical, LLC and Definitive Agreement to Acquire OrthoPro, LLC
Acquirer:
Wright Medical Group, Inc. (WMGI)
Acquiree:
Solana Surgical, LLC and Definitive Agreement to Acquire OrthoPro, LLC
Details:
Wright Medical Group, Inc. (NASDAQ:WMGI) today announced it has acquired Solana Surgical, LLC (Solana) and entered into a definitive agreement to acquire OrthoPro, LLC (OrthoPro), both privately held high growth extremity companies. The transactions add complementary extremity product portfolios to further accelerate growth opportunities in Wright's global Extremities business. The transaction with OrthoPro is expected to close in February 2014. In addition, voting agreements have been executed with members of OrthoPro holding greater than the required number of membership interests needed to approve the transaction.
Wright Medical Group is a medical device company focused on extremities and biologics products. Co.'s product portfolio consists of the following product categories: Upper extremities, which include joint implants and bone fixation devices for the shoulder, elbow, wrist, and hand; Lower extremities, which include joint implants and bone fixation devices for the foot and ankle; Biologics, which include products used to support treatment of damaged or diseased bone, tendons, and soft tissues or to stimulate bone growth; and Sports Medicine and Other, which include products used across several anatomic sites to repair tissue-to-tissue or tissue-to-bone injuries and other ancillary products.
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Avg. Broker Rec.
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Hold (2.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: WMGI Stock Forecast Based on Zacks ABR data; powered by Xignite |
