Surgalign Files For Bankruptcy, Agrees To Sell Global Hardware & Biologics Business : vimarsana.com

Surgalign Files For Bankruptcy, Agrees To Sell Global Hardware & Biologics Business

Medtech Firm Surgalign Holdings Inc (NASDAQ: SRGA) has entered into an asset purchase agreement to sell its U.S. hardware and biomaterials assets and the equity interests in non-Debtor entities related to the Debtors' hardware business outside of the U.S. to Xtant Medical Holdings Inc (NYSE: XTNT) for $5 million. The sale will be effectuated through the Chapter 11 proceedings initiated by the company, which elected to file voluntary petitions under Chapter 11 of the Bankruptcy Code in the U.S. Ba

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