Altaris Strikes $130M Deal To Buy Endo's HealthTronics

Law360, New York (January 17, 2014, 3:01 PM EST) -- Endo Health Solutions has agreed to sell its urology business, HealthTronics, to New York-based Altaris Capital Partners for up to $130 million, the companies said recently.

Altaris will pay $85 million in cash up front and additional cash payments up to $45 million, based on HealthTronics' performance. Endo had been steadily divesting its HealthTronics assets in the past, selling off its image-guided radiation therapy business and anatomical pathology lab for $25 million.

"The divestiture of HealthTronics enables us to focus more sharply on achieving our objective...
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