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Wright Medical acquires software developer IMASCAP

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Wright Medical acquires software developer IMASCAP

Wright Medical Group NV acquired 100% of IMASCAP SAS' outstanding equity for total consideration of €75.1 million.

IMASCAP develops software for preoperative planning of shoulder replacement surgery.

The consideration consists of about €39.7 million in cash; about €13.2 million of Wright ordinary shares, payable at closing; and €22.2 million in potential earnouts and milestone payments for new software modules and a potential future implant system.

Due to the timing of the closing, Wright Medical expects incurring minimal incremental expenses in 2017 and is maintaining its current full-year 2017 non-GAAP adjusted EBITDA from continuing operations guidance range of $84 million to $88 million.