ORTHOPEDIATRICS SELLS VILEX ADULT DEVICE BUSINESS (Orthopedics This Week)
OrthoPediatrics Corp. recently announced its sale of the adult product line, Vilex, to Squadron Capital LLC for $25 million.
OrthoPediatrics acquired Vilex in Tennessee, Inc. and Orthex, LLC, together known as Vilex, this past June. OrthoPediatrics paid $60 million, consisting of $50 million in cash and $10 million in stock. The transaction was partially financed by $30 million of new debt provided by Squadron Capital. See OTW’s coverage of the acquisition of Vilex in “OrthoPediatrics Acquires Vilex.”
With the ...
