Treace Medical Concepts To Acquire Technology Enabling Patient Specific Instrumentation For Foot And Ankle Surgeries For A Purchase Price Of $20M In An Upfront Cash Payment, With Up To $10M In Potential Milestone Payments
Portfolio Pulse from Happy Mohamed
Treace Medical Concepts (TMCI) has signed an agreement to acquire certain assets of RedPoint Medical3D for $20 million upfront, with up to $10 million in potential milestone payments. The acquisition will integrate RPM-3D's software and systems with TMCI's instrumentation and implant systems, with commercial introduction expected in the second half of 2024.
June 01, 2023 | 8:20 pm
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Treace Medical Concepts' acquisition of RedPoint Medical3D assets will integrate innovative software technologies with TMCI's systems, potentially strengthening its market leadership and accelerating competitive differentiation.
The acquisition of RedPoint Medical3D's assets will allow Treace Medical Concepts to integrate innovative software technologies with its existing systems. This integration is expected to strengthen TMCI's market leadership and accelerate its competitive differentiation, which could positively impact its stock price in the short term.
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