Inbone buy to grow Wright's offerings
This article was originally published in Clinica
Arlington, Tennesse-based orthopaedic company Wright Medical has agreed to acquire privately-held foot and ankle implant manufacturer Inbone Technologies for $24m in cash. The deal also includes additional payments, which includes a guaranteed minimum of $3.7m, based on Inbone's future financial performance. Wright said it will begin US distribution of Inbone's products immediately on completion of the transaction. Inbone has developed a total ankle replacement system and an intra-osseous fusion rod and plate system for foot fusion.