Gainesville, Fla.-based Exactech and the University of Florida, also in Gainesville, added the Exactech Arena at the Stephen C. O'Connell Center on the university's campus, according to Yahoo! Finance.
Here are five takeaways:
1. Through the expansion, Exactech can access UF facilities, venue presence and television coverage on Fox Sports Sun and Fox Sports Florida during arena events.
2. Exactech plans to use this sponsorship to promote health education.
3. Exactech will pay $5.9 million through a 10-year agreement, with an additional five year extension as an option.
4. UF recently completed a $64.5 million renovation of the Stephen C. O'Connell Center and the facility is scheduled to re-open in December 2016.
5. Exactech is a medical device company developing orthopedic implants.