Getinge ’ s Atrium Medical deals biosurg biz to SeCQure Surgical parent

Getinge (PINK:GETI B) subsidiary Atrium Medical said today that it agreed to deal its biosurgery business to the parent company of SeCQure Surgical for an undisclosed amount. Göteborg, Sweden-based Getinge acquired the biosurgery unit, which makes soft tissue reinforcement devices, in the $680 million deal for Atrium back in 2011. Today Getinge said it agreed to sell the business, which at $14.2 million in 2017 sales (SEK 128 million) is a relatively small segment, to SeCQure parent HJ Capital 1. The deal for the biosurg business, Getinge’s only general surgery offering, covers all assets and liabilities except for mesh liability claims and associated insurance claims, the company said. The deal is expected to close during the fourth quarter, with no material impact on Getinge’s books. SeCQure Surgical sells “versatile system configurations in general surgical” for minimally invasive and open procedures, including energy systems, staplers and mesh, Getinge said. The post Getinge’s Atrium Medical deals biosurg biz to SeCQure Surgical parent appeared first on MassDevice.
Source: Mass Device - Category: Medical Devices Authors: Tags: Featured Mergers & Acquisitions Surgical Wall Street Beat Atrium Medical Corp. Getinge SeCQure Surgical Source Type: news