Integra LifeSciences acquires Ascension Orthopedics for $65M to build its extremities franchise

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Integra LifeSciences Announces Agreement to Acquire Ascension Orthopedics (press release)
The numbers...

$65M cash
IART pays 3.4 X sales in 2010 of $19M
Ascension generated operating losses of about $2M per quarter
Ascension products will become 45% of Integra's Orthopedics revenues

 
PLAINSBORO, N.J. and AUSTIN, Texas, Sept. 12, 2011 (GLOBE NEWSWIRE) -- Integra LifeSciences Holdings Corporation IART +1.63% and Ascension Orthopedics, Inc. ("Ascension") today announced an agreement for Integra to acquire Ascension, a provider of high quality, innovative products for the foot, ...

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