Wednesday, September 8, 2004
Opus Medical Acquired for $130M
San Juan Capistrano-based Opus Medical has entered into an agreement to be acquired by Arthrocare Corp for $130M. The deal is a combination of cash and stock. Opus develops medical devices used for minimally invasive surgical procedures, including a device for arthroscopic rotator cuff repair. The company also provides other tissue-to-bone and tissue-to-tissue repair systems for orthopedic applications, focused on sports medicine procedures. Opus is backed by Three Arch Partners, and Prospect Venture Partners.