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MiMedx Group completes acquisition of Stability Biologics

February 8, 2016

MiMedx Group Inc. recently announced it has completed the acquisition of Stability Biologics, a provider of human tissue products to surgeons and facilities. Under the deal, Stability Biologics will operate as a wholly owned subsidiary of MiMedx.

The transaction was originally announced on Jan. 10, 2016, according to a press release from MiMedx. MiMedx confirmed the closing consideration for the transaction was $10 million paid at closing, comprised of 60% cash and 40% stock. MiMedx noted the transaction also included assumed debt with future contingent consideration to be paid through a 2-year earn out arrangement based on the 2016 and 2017 performance of Stability Biologics.

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