HEALTHTRONICS SELLS ORTHOPEDIC ESWL BUSINESS

HealthTronics has sold its orthopedic electrocorporeal shockwave lithotripsy (ESWL) assets to SanuWave, a privately held company established by Prides Capital, for $10.4 million.

The purchase price is payable in the form $6.4 million of cash at closing and of $4 million long-term promissory notes. As well as manufacturing medical devices, HealthTronics provides healthcare services primarily to the urology community.

Although HealthTronics has confidence in its orthopedic ESWL technology, the company said the resources required to fully develop the market would detract from its efforts to improve its urology business lines and efficiently integrate and operate it.