Pharos Capital Sells Stake in Pioneer Surgical: CORRECTED

Pharos Capital Group has sold its stake in Pioneer Surgical Technology for $130 million. Earlier this week, RTI Biologics, which is backed by Water Street Healthcare Partners, said it was buying Pioneer from Beringea. RTI paid $130 million for Pioneer. Marquette, Mich.-based Pioneer makes and distributes metal and synthetic implant products for the orthopedics, biologics, spine, trauma and cardiothoracic markets.

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