H.I.G. Capital's Highridge Medical Sells Bone Healing Division
- Editor
- Jun 4
- 1 min read
Whats Happening:
H.I.G. Capital, a global alternative investment firm with $70 billion in capital under management, has announced that its portfolio company Highridge Medical has completed the sale of its EBI Bone Healing Division to Avista Healthcare Partners. This divestiture is part of Highridge's strategic move to focus on its core spine solutions and accelerate innovation in surgical technologies.
Key Moves:
Highridge Medical sells EBI Bone Healing Division to Avista Healthcare Partners
H.I.G. Capital continues to own Highridge Medical, focusing on spine solutions
H.I.G. made significant investments in EBI, including new leadership and expanded product development
By The Numbers:
H.I.G. Capital manages $70 billion in capital
H.I.G. acquired EBI as part of Highridge take-private transaction in April 2024
H.I.G.'s current portfolio includes more than 100 companies with combined sales over $53 billion
Key Quotes:
"I'm incredibly proud of the EBI team and all that we've accomplished together," said Glen Kashuba, CEO of EBI.
"This transaction allows us to make significant investments in Highridge's core spine business," said Mike Gallagher, Managing Director at H.I.G.
"EBI remains deeply committed to advancing care, supporting our clinical partners, and driving meaningful, life-changing outcomes."
Bottom Line:
The sale of EBI Bone Healing Division by H.I.G. Capital's portfolio company Highridge Medical marks a strategic shift towards focusing on core spine solutions. This move allows Highridge to accelerate innovation in surgical technologies while providing an opportunity for EBI to expand its impact under new ownership. The transaction demonstrates H.I.G.'s ability to create value and make strategic decisions within its portfolio companies.
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