RTI Biologics acquires Pioneer Surgical Technology for $130M cash

RTI Biologics® Announces Agreement to Acquire Pioneer® Surgical Technology (press release)
 

Acquisition creates a global surgical implant company positioned for growth in orthopedics and biologics
Compelling strategic fit with expanded distribution network and portfolio diversification
Financing includes existing cash, a new credit facility and a convertible preferred equity investment from Water Street Healthcare Partners
RTI Biologics to host conference call and webcast today at 8:30 a.m. EDT

ALACHUA, Fla.--(BUSINESS WIRE)--RTI Biologics Inc. (RTI) (Nasdaq: RTIX), a leading provid...