Market Overview

Tornier to Acquire OrthoHelix Surgical Designs

Tornier N.V. (NASDAQ: TRNX), a global medical device company focused on
providing surgical solutions to orthopaedic extremity specialists, today
announced that it has signed a definitive agreement to acquire
OrthoHelix Surgical Designs, Inc. for $135 million plus additional
payments over two years, which will be based on achieving certain
revenue growth milestones.

OrthoHelix is an innovative, high growth, and EBITDA positive company
that is focused on developing and marketing specialty implantable screw
and plate systems for the repair of small bone fractures and deformities
predominantly in the foot and ankle. OrthoHelix's sales for the calendar
year 2012, which are all based in the United States, are projected to
reach approximately $29 million, an

See full press release

Posted-In: News Management M&A

 

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