M&As this week: Straumann Holding, MiMedx Group
Straumann Holding AG plans to acquire the remaining 45% stake in Canadian dental CAD/CAM solutions provider Dental Wings Inc.
The Switzerland-based company also plans to acquire ClearCorrect LLC for $150m and a 38% stake in Geniova.
ClearCorrect is a US-based dental products provider, while Geniova is a Spanish dental company.
The acquisitions will support Straumann’s global expansion plans.
US-based biopharmaceutical company MiMedx Group Inc plans to divest its subsidiary Stability Biologics LLC (formally known as Stability Inc) back to stockholders.
Stability Biologics is a developer of human tissue and bone products.