Bioventus plans to buy CartiHeal for at least $315M to launch knee implant

Bioventus (Nasdaq: BVS) today said it plans to buy CartiHeal following the FDA’s recent premarket approval of the Israel-based medtech developer’s Agili-C implant.

Durham, North Carolina-based Bioventus will pay about $315 million to buy the company, excluding the stake already owned by Bioventus after it made a $50 million escrow payment last year.

The deal also includes the potential for Bioventus to pay up to $135 million more if CartiHeal is able to hit $100 million in trailing 12-month sales. Bioventus plans to finance the acquisition with debt.

Get the full story at our sister site, Medical Design & Outsourcing.

Original Article: (https://www.massdevice.com/bioventus-plans-to-buy-cartiheal-for-at-least-315m-to-launch-knee-implant/)