Wright Medical acquires Cartiva for $435M cash (12.4 X sales) for synthetic cartilage in the MTP joint

Cartiva website
Wright Medical Group N.V. Enters Into Definitive Agreement to Acquire Cartiva, Inc. (press release)
Will Add Unique PMA-Approved Technology for High Volume Foot & Ankle Procedure and Further Accelerate Growth Opportunities in Wright's Extremities Business
Purchase Price of $435 Million Cash
Wright Medical Group N.V. (NASDAQ:WMGI) today announced it has entered into a definitive agreement to acquire Cartiva, Inc., a private orthopaedic medical device company focused on treatment of osteoarthritis of the great toe.  The transaction will add a differentiated PMA-approved tec...