Solana Surgical Acquired by Wright Medical Group

Friday, February 7, 2014

William Blair & Company acted as the exclusive financial advisor to Solana Surgical in connection with its sale to Wright Medical Group for $90 million. The transaction closed on January 30 and represents William Blair's 13th medical technology transaction over the past 12 months.

Transaction Highlights

  • Orthopedics expertise: Solana recognized William Blair's extensive knowledge and experience in the medical device industry, especially William Blair's relationships and proven track record in orthopedics resulting from several recent equity transactions with LDR, Tornier and Globus.
     
  • Execution excellence: William Blair's medical device team negotiated favorable transaction terms, achieving a premium valuation, and coordinated a rapid, robust due diligence process.
     
  • Trusted guidance: William Blair’s senior deal team led each step of the transaction process and achieved an exceptional outcome for Solana shareholders.

About the Companies

Solana Surgical is a global extremity orthopedic company that develops breakthrough solutions to restore motion while relieving pain for patients and improving surgical outcomes for surgeons. Based in Memphis, Tennessee, Solana's goal is to advance the science in the foot, ankle and hand markets by meeting unmet needs with innovative new products.

Wright Medical Group is a specialty orthopedic company that provides extremity and biologic solutions that enable clinicians to alleviate pain and restore their patients' lifestyles. The company is the recognized leader of surgical solutions for the foot and ankle market, one of the fastest growing segments in medical technology, and markets its products in over 60 countries worldwide.

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