Wright Medical Group, Inc. and MicroPort Scientific Corporation Enter Into Definitive Agreement Under Which MicroPort Will Acquire Wright’s OrthoRecon Business Transaction Transforms Wright Medical into High Growth Extremities and Biologics Pure Play...Wright Medical Group Inc • June 21st, 2013 • Orthopedic, prosthetic & surgical appliances & supplies
ARLINGTON, Tenn. – June 19, 2013 – Wright Medical Group, Inc. (NASDAQ: WMGI) today announced a definitive agreement under which MicroPort Medical B.V., a subsidiary of MicroPort Scientific Corporation (HK: 0853), will acquire Wright’s OrthoRecon business. The purchase price is $290 million, subject to a net working capital adjustment, and is payable in cash at closing, which is expected to occur by the end of the third quarter or early in the fourth quarter of 2013.
ASSET PURCHASE AGREEMENT by and among MICROPORT MEDICAL B.V. MICROPORT SCIENTIFIC CORPORATION and WRIGHT MEDICAL GROUP, INC. Dated as of June 18, 2013Asset Purchase Agreement • June 21st, 2013 • Wright Medical Group Inc • Orthopedic, prosthetic & surgical appliances & supplies • Delaware
THIS ASSET PURCHASE AGREEMENT, dated as of June 18, 2013 (this “Agreement”), is entered into by and among MicroPort Scientific Corporation, corporation formed under the laws of the Cayman Islands (“Parent”), MicroPort Medical B.V., a besloten vennootschap formed under the laws of the Netherlands (“Purchaser”), and Wright Medical Group, Inc., a Delaware corporation (“Seller,” and together with Parent and Purchaser, each a “Party” and collectively, the “Parties”). Capitalized terms used in this Agreement but not otherwise defined shall have the meanings set forth in Annex A to this Agreement.
