Enovis rises after $850 million deal for LimaCorporate

Enovis

25/09/2023 15:43

** Enovis  ENOV.N  shares rise ~1.3% to $52.30 
    ** The medical device maker says it will acquire Italian
surgical implant manufacturer LimaCorporate for about 800
million euros ($850 million), including debt
    ** Says it expects Lima to contribute up to $300 million to
its revenue in 2024
    ** Lima uses 3D printing technology to make shoulder
implants that promote bone growth
    ** Including session moves, shares down ~2.7% YTD

 (Reporting by Christy Santhosh)
 ((Christy.Santhosh@thomsonreuters.com))