Wright Medical Technology
This article was originally published in The Gray Sheet
Executive Summary
Reaches an agreement in principle for the California Public Employees Retirement System (CalPERS) to purchase up to $60 mil. in new Series B Preferred Stock and warrants to purchase common stock. The Arlington, Tennessee-based orthopedic implant company will have the option to sell CaIPERS the preferred stock for a 30-month period. Wright says it will use the money raised by the sale to help fund its move into the arthroscopy, trauma, and minimally invasive spinal surgery markets, as well as further development of current products