Newmed buy takes dj Orthopedics further into Europe
This article was originally published in Clinica
In a bid to expand its international reach, San Diego, California-based dj Orthopedics is to acquire Newmed SAS, a European developer of orthopaedic rehabilitation devices, for Euro13m ($15.6m). Under the terms of the agreement, dj will also make additional payments of up to Euro1m contingent on Newmed achieving certain revenue targets for 2006. The transaction is expected to close in early January 2006.