OrthoLogic to sell the assets of its CPM (continuous passive motion) business
This article was originally published in Clinica
Orthopaedic company OrthoLogic is to sell the assets of its continuous passive motion (CPM) business to OrthoRehab for an undisclosed cash amount. An additional milestone is payable at an undisclosed later date, based on sales performance. However, Tempe, Arizona-based OrthoLogic said that the total proceeds from the transaction will be $15-18 million in the short term, with that sum possibly reaching $28 million in total.
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