Integra LifeSciences acquires TEI Biosciences for $312M (4.9X last years sales)

Integra LifeSciences picks up TEI Biosciences, TEI Medical for $312m (MassDevice)
 
Mergers & Acquisitions in Orthopedics
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Integra LifeSciences (NSDQ:IART) said yesterday that it agreed to acquire TEI Biosciences and sister company TEI Medical for $312 million in cash in a bid to expand its footprint in reconstructive surgery and regenerative wound care.
The deal, expected to close during the 3rd quarter, brings TEI’s PriMatrix dermal repair scaffold and a 125-member sales force under the Integra umbrella, that Plainsboro, N.J.-based company said. TEI is based...