Integra LifeSciences acquires Tornier foot & ankle products ahead of Wright Medical merger: 5 key notes

Integra LifeSciences acquired Tornier's Salto Talaris and Salto XT ankle replacement products as well as the Tornier Futura silastic toe replacement.
Here are five key notes:

1. Integra LifeSciences will pay an undisclosed cash amount to acquire the three products.

2. When the acquisition is complete, Integra will have rights to the Salto Talaris, Salto XT, Salto Mobile and Futura silastic toe replacement products outside the United States.

3. The transaction is subject to US Federal Trade Commission approval and the closure of the pending merger between Tornier and Wright Medical Group. The Tornier-Wright Medical Group merger is expected to receive clearance in the third quarter of 2015.

4. The revenues in the United States from the acquired products were around $15.5 million in 2015. This year, Integra expects the acquisition's contribution to adjusted earnings per share to be immaterial given the timing of the transaction's close, sales transition and expected costs associated with the integration.

5. The acquisition broadens Integra's extremities product portfolio and allows the company to diversify the lower extremity portfolio as well as accelerate entry into the U.S. total ankle replacement segment.

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