OrthoLogic buys Columbia / HCA subsidiary:
This article was originally published in Clinica
Executive Summary
OrthoLogic, US developer of bone growth stimulators, has acquired Sutter for about $25 million in cash from Columbia/HCA Healthcare. The deal is expected to be completed before the end of September. Based in San Diego, California, Sutter is a manufacturer and distributor of orthopaedic rehabilitation products and a leading supplier of continuous passive motion devices. It had sales of around $30 million last year.