Arthocare sells off spine product lines for $5.5 million | Acquisitions roundup

July 5, 2011 By MassDevice staff Leave a Comment

ArthroCare Corp. (NSDQ:ARTC) sold its Parallax and Contour product lines to NeuroTherm for $5.5 million.

The two lines of spine products were previously reported as discontinued operations.

Wilmington, Mass.-based NeuroTherm manufactures products used in pain management, including the first multi-lesion radiofrequency generator on the market, according to a company release.

"ArthroCare’s Parallax portfolio is a natural fit with NeuroTherm’s existing competencies in interventional pain management, allowing us to leverage our clinical expertise and strong sales channels," said NeuroTherm CEO Larry Hicks in a release. "This is an exciting opportunity that will enable us to expand our customer base into new markets while offering our existing customers more treatment options for their patients."

Arthrocare expects an after-tax gain of $1.2 million from the sale in its second quarter, according to the SEC filing.

Here’s a roundup of companies announcing mergers, acquisitions and divestitures.

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