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Strategic Initiatives

Wright Medical Acquires Cartiva -

Wright Medical (WMGI) entered into a definitive agreement to purchase Cartiva, a manufacturer of the Synthetic Cartilage Implant (SCI) to treat arthritis in the great toe, for US $435MM in cash. The transaction is expected to close in 4Q18. Cartiva’s SCI, which represents an alternative to fusion, was reportedly the first synthetic cartilage device to gain FDA approval upon receiving its PMA in July 2016. To date, >10,000 implants have been employed in the U.S. WMGI expects the acquisition of Cartiva to accelerate its core foot and ankle business. (Wright Medical, 8/27/18)