Memphis-based medical device company acquired for $145 million
In addition to the $145 million in cash at closing, the transaction includes up to $110 million in growth-based earnout payments over a four-year period.
There are 12 article(s) tagged medical device industry:
In addition to the $145 million in cash at closing, the transaction includes up to $110 million in growth-based earnout payments over a four-year period.
The facility at 7101 Goodlett Farms Parkway will become the medical device manufacturer’s second site in Cordova.
The California-based medical device company plans to hire 95 employees and spend $3.5 million to open a distribution and repair operation in the city’s southeast industrial submarket.
Wright Medical has about 700 employees in the Memphis area.
Medical device maker Stryker Corp. last week reported strong third quarter earnings and momentum in the extremities and trauma business heading into 2021 after the planned addition of Wright Medical.
Not only has MLM Memphis – formerly CirQuest Labs – added employees and space since being purchased last summer, its founder anticipates the lab may triple in size within five years.
Medical device maker Stryker has extended its $5.4 billion offer to buy Wright Medical for a fourth time, to Sept. 30.
Engineered Medical Systems has already more than doubled the size of its facility from 40,000 to 92,000 square feet.
Stryker has extended for a third time its tender offer to buy Memphis-grown medical device maker Wright Medical. The new deadline is Aug. 31.
Stryker Corp. extended a tender offer for shares of Wright Medical Group until June 30, after Wright shareholders cleared the way for the transaction during a meeting Friday, April 24.
The clock is ticking on medical device maker Stryker's $30.75 a share offer to buy Memphis-grown Wright Medical and boost Stryker's position in the global orthopedic surgical products market.
Medtronic's U.S. distribution network, which runs through Memphis, is moving ventilators made in Galway, Ireland, to hospitals battling coronavirus.
About 12 results