Milestones 3786Milestones 3786

Originally Published MX March/April 2005

MILESTONES

Integra LifeSciences Holdings Corp. (Plainsboro, NJ), a manufacturer of medical and surgical devices, announced that it has purchased the Newdeal group of companies (Lyon, France) for approximately $53 million in cash. Newdeal, which develops implants and instruments for foot and ankle surgery, distributes its products in over 30 countries. "We will supplement our direct sales force in Europe and increase revenues outside the United States," said Integra president and CEO Stuart M. Essig. "We also expect to benefit from the synergy between Newdeal's reconstructive foot and ankle fixation products and our regenerative products." Under the terms of the deal, the companies will retain their names.