ArthroCare closes Opus merger:
This article was originally published in Clinica
ArthroCare, the Sunnyvale, California-based developer of Coblation technology, has completed its acquisition of Opus Medical. ArthroCare first announced its intention to buy the orthopaedic soft tissue repair systems developer in September (see Clinica No 1123, p 14) and has paid $30m in cash and $60m of ArthroCare stock up front. Further delayed and contingent payments will be made in 2005 and 2006.