Enovis plans to acquire LimaCorporate in a deal worth more than $700 million.
Under the deal, LimaCorporate would be bought for about $744 million in cash and about $106 million worth of Enovis common stock, according to a Sept. 25 copany news release.
Lima Corporate was founded in 1945 and focuses on orthopedic implants and patient-tailored hardware. Enovis aims to establish a $1 billion reconstruction business through the acquisition and expand its international scale.