Tornier acquires OrthoHelix Foot/Ankle trauma business for $135M (4.6 X annual sales)

Tornier to buy orthopedics device firm for $135M (Minn / St Paul Business Journal
Press Release
OrthoHelix website
Medical-device maker Tornier has reached a deal to buy OrthoHelix Surgical Designs Inc. in a deal worth $135 million.
Medina, Ohio-based OrthoHelix makes plate and screw systems that physicians use to treat deformities and fractures in feet and ankles. The company is expected to generate about $29 million in revenue this year, up 30 percent compared to 2011, Tornier said in a press statement.
Tornier, which makes medical devices for treating orthopedic problems, will pay $100 mil...


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