MicroPort Scientific Corp. said Monday that it has closed the deal to acquire the OrthoRecon business from Wright Medical Group, Inc. (WMGI).
The deal establishes MicroPort Orthopedics as the sixth largest multinational hip and knee reconstruction company, with global headquarters in Arlington, Tennessee.
As a result of the acquisition, MicroPort now holds U.S. manufacturing, global infrastructure, logistics and operations in the top four global orthopedic markets, as well as established hip and knee franchise brands.
MicroPort Orthopedic's global headquarters in Arlington are staffed by a workforce of nearly 600 employees from Tennessee and the surrounding area.
MicroPort Orthopedics will become the largest division of MicroPort Scientific Corp., a medical device company that specializes in minimally invasive and other emerging medical technologies.
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