ArthroCare Acquires Entrigue Surgical for $45,000,000

  • Feed Type
  • Date
    7/3/2013
  • Company Name
    Entrigue Surgical
  • Mailing Address
    12672 Silicon Drive San Antonio, TX 78249
  • Company Description
    Entrigue Surgical is revolutionizing otolaryngology through Access, Biologics and Biomaterials. Our mission is to improve patient outcome through procedure-specific solutions utilizing the latest in ground-breaking technologies.
  • Website
    http://www.entriguesurgical.com
  • Transaction Type
    M&A
  • Transaction Amount
    $45,000,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    Pursuant to a Merger Agreement, ArthroCare paid $45 million in cash, subject to customary working capital adjustments and an amount held in escrow for indemnification. In addition, the previous shareholders of ENTrigue will have the right to receive contingent consideration on each anniversary of the closing for each of the next five years based on the increase in net sales during each twelve-month period of ENTrigue products multiplied by an agreed upon factor.

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