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Biomet acquires Interpore for $297.4mm in cash

Executive Summary

Orthopedic device company Biomet is acquiring Interpore International (dba Interpore Cross International; develops, manufactures, and sells spinal surgery products) for about $297.4mm. Biomet will pay $14.50 per share (a 29% premium over market average) in cash, or 4.4 times Interpore's 2003 sales revenue, for all of the company's approximately 20.5mm shares outstanding, fully diluted.
Deal Industry
  • Biotechnology
  • Medical Devices
  • Medical Devices
    • Biomaterials
    • Implantable Devices
    • Surgical Equipment & Devices
      • Minimally or Less Invasive
Deal Status
  • Final
Deal Type
  • Acquisition
    • Full Acquisition
    • Includes Contract
    • Payment Includes Cash

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