OrthoHelix develops and markets specialty implantable screw and plate systems for the repair of small bone fractures and deformities predominantly in the foot and ankle. OrthoHelix's U.S. sales for the calendar year 2012 are projected to reach approximately $29 million, an increase of more than 30 percent compared to 2011. The addition of OrthoHelix is expected to more than double Tornier's lower extremity revenue and allow Tornier to increase its focus on foot and ankle surgeons.
Under the terms of the agreement, Tornier has agreed to acquire OrthoHelix for $135 million, which will consist of $100 million in cash and $35 million in Tornier's stock.
Tornier to Acquire OrthoHelix FeaturedWritten by Jaimie Oh | August 24, 2012
Tornier, a global medical device company, has signed a definitive agreement to acquire OrthoHelix Surgical Designs for $135 million plus additional payments over two years, which will be based on achieving certain revenue growth milestones.
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