Kensey Nash Pays $20M For VC-Backed Nerites

Publicly traded Kensey Nash Corp. has acquired the assets of medical adhesives maker Nerites Corp. for $20 million in cash. Madison, Wis.-based Nerites is developing technology that would help Kensey Nash further its reach into markets including soft tissue surgical repair, orthopaedics, sports medicine, spine and neurosurgery. Nerites was previously funded by $11 million from venture capital firms including Madison-based Venture Investors LLC and Foster City, Calif.-based Black Mountain Ventures.

DealsNorth AmericaUSBriefs