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Wright Medical nets $423.5mm via follow-on

Executive Summary

Wright Medical Group Inc. netted $423.5mm through a follow-on public offering of 18.2mm ordinary shares priced at $24.60 each. The proceeds will fund Wright’s concurrent $435mm cash acquisition of orthopedic device maker Cartiva.
Deal Industry
  • Biotechnology
  • Medical Devices
    • Biomaterials
    • Implantable Devices
    • Surgical Equipment & Devices
      • Minimally or Less Invasive
Deal Status
  • Final
Deal Type
  • Financing
    • FOPO

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