Wright Medical Group, Inc. Acquires the Foot and Ankle Product Line of A.M. Surgical, Inc.
Published: Jun 10, 2008
ARLINGTON, Tenn.--(BUSINESS WIRE)--Wright Medical Group, Inc. (NASDAQ: WMGI), a global orthopaedic medical device company, announced today that it has acquired certain assets of A.M. Surgical, Inc., a Smithtown, New York-based company focused on providing endoscopic soft tissue release products for foot and ankle surgeons. Wright has been marketing A.M. Surgical’s foot and ankle products since October 2007 pursuant to a previously announced distribution agreement between the parties. The purchase consists of an initial cash payment of $2.1 million and potential additional cash payments, not to exceed $700,000, based upon future financial performance of the acquired assets.