CONMED Acquires Biorez, Inc. to Expand Sports Medicine Bioinductive Scaffold Technology
August 9, 2022
CONMED Corporation announced a definitive agreement to acquire privately held Biorez, Inc. in a cash-free, debt-free transaction for $85 million at closing, with up to $165 million in growth-based earnout payments over four years. CONMED expects the deal to close in early August 2022, and later announced completion of the acquisition.
- Buyers
- CONMED Corporation
- Targets
- Biorez, Inc.
- Industry
- Medical Devices
- Location
- Connecticut, United States
- Transaction Type
- Buyout
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