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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

United statesHouston divisionMedtech firmSurgalign holdings incXtant medical holdings incUs bankruptcy courtSouthern district of texas bankruptcy courtBankruptcy codeSouthern districtTexas bankruptcyBenzinga proSurgalign files for bankruptcyAgrees to sell global hardwareBiologics business