PRINT THIS PAGE Carlyle sells orthopaedic company for $360m10/08/2004. Source: AltAssets. 
 Carlyle Group has agreed to sell orthopaedic medical products company Empi to publicly held Encore Medical for around $360m. Encore Medical will pay Carlyle $325m of the deal price in cash and will issue the private equity firm with eight million shares of common stock.
The transaction will giving Carlyle a stake of approximately 12 per cent in Encore Medical, making it the second largest stakeholder behind US healthcare investor Galen Partners.
Empi is a medical device company focused on products for pain management, orthopaedic rehabilitation and physical therapy. The company generated net revenues of $150.5m in 2003. Encore Medical is a diversified orthopaedic company that designs, manufactures, markets and distributes a range of orthopaedic devices, sports medicine equipment and related products.
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