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Merger: OrthoHelix Surgical sells to Tornier for $135M

Fri, 08/31/2012 - 4:29pm
Mass Device

Tornier agrees to pay $100 million in cash and $35 million in stock for orthopedic reconstruction devices maker OrthoHelix.

mergers and acquisitions illustration

Orthopedic devices maker Tornier (NSDQ:TRNX) this week agreed to pay $135 million for reconstructive devices maker OrthoHelix.

Tornier plans to pay $100 million in up-front cash and $35 million in Tornier stock, paying for the deal with cash on hand and borrowings, according to a company statement.

OrthoHelix deals primarily in implantable screws and plate systems for small bone fractures and deformities with strong recent sales growth led by its MaxLock Extreme product line.

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