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Mergers & Acquisitions

Dental implant, device firm acquired by orthopedics company

Published in Medical Devices and Surgical Technology Week, June 27th, 2004

Encore Medical Corporation (ENMC) announced that it has entered into a definitive agreement to acquire BioHorizons Implant Systems, Inc., a company that designs and distributes a broad line of dental implants and oral reconstructive products.

Under the terms of the agreement, Encore will acquire all of the outstanding common stock of BioHorizons for $5.2 million in cash and approximately 2.6 million shares of Encore common stock, representing a total current acquisition value of approximately $26 million. As a result, the current shareholders of BioHorizons will own approximately 6% of the outstanding stock of Encore after the transaction. There are also up to $10...

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