Advertise With UsAdvertise on our extensive network of industry websites and newsletters.
Get the PBR newsletterSign up to our free email to get all the latest PBR
news.Exactech has closed the acquisition of the stock and assets of France Medica, a French distributor of orthopedic products and surgical supplies.
Subscribe to our email newsletter
The estimated purchase price of $11.1 million is based on performance-based earn-out payments over the next two years. At closing, $8.3 million of the purchase price was paid with $7.4 million in the form of cash and $0.9 million in common stock.
David Petty, Exactech’s president, said: “The establishment of a direct sales operation in this key market is a major step in enabling us to strengthen our competitive position, improve service to our customers in France and grow our European business. Key members of the management team have now become part of Exactech, which is an important element in this acquisition.”