The purchase price for France Medica involves E5.4 million to be paid upon closing and E1.4 million to E1.7 million in earn-out payments based on the performance of France Medica over the next two years. The closing is expected to be completed in the second quarter of 2008.
Exactech also said that it has finalized arrangements to create a direct distribution operation in Japan, where it previously sold its products through a distributor. The direct operation sales and logistics subsidiary based in Tokyo enables Exactech to directly control its Japanese marketing and distribution operations.