Encore closes Compex acquisition:
This article was originally published in Clinica
Austin, Texas-based orthopaedic firm Encore Medical has completed its acquisition of Compex Technologies, an electrical stimulation products manufacturer. Encore exchanged around 18 million shares of its common stock for the New Brighton, Minnesota company and has incurred a debt of $17m to pay off Compex' existing debt. Compex' president and CEO, and its president of worldwide consumer products, Marshall Masko, have both resigned from their positions. Kenneth Davidson, Encore's chairman and CEO, will head its new Compex subsidiary.