Beringea to Sell Pioneer Surgical Technology to RTI Biologics for $130 Mln

RTI Biologics, a provider of orthopedic and other biologic implants, said on Tuesday that it will buy Pioneer Surgical Technology from Beringea. Under terms of the merger agreement, RTI will pay $130 million in cash to acquire all outstanding stock of Pioneer. Based in Marquette, Michigan, Pioneer Surgical is a maker of products for the spine, biologics, orthopedics, and cardiothoracic markets.

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