Wright Medical (NSDQ:WMGI) said it closed the buyout of medical device maker OrthoPro, just a week after announcing the deal.
Salt Lake City-based OrthoPro makes devices to repair the foot and ankle; the acquisition is part of Memphis, Tenn.-based Wright’s move to focus on the extremities market.
The deal calls for a $32.5 million cash payment and another $3.5 million in revenue-based milestones, according to a regulatory filing.
The deal was announced last week alongside Wright’s purchase of Solana Surgical. The Solana buyout will see Wright pay $47.6 million in cash plus another $42.4 million shares of WMGI stock, the company said at the time.