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RTI Surgical's cardiothoracic business sold to A&E in $60M deal

Vance Street Capital portfolio company A&E Advanced Closure Systems acquired RTI Surgical's cardiothoracic closure business, which markets cardiothoracic sternal metal cable and plating systems, for an initial $54 million in cash plus $6 million in contingent cash consideration. As part of the transaction, RTI has agreed to manufacture existing products, as well as engineer, develop and manufacture potential new products for the divested business under a multiyear contract manufacturing deal.

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