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Surgical Device Maker Surgalign Files For Bankruptcy, Sells Assets At Auction

 
• By Marion Webb

Surgalign said it will auction of its assets as part of a Chapter 11 bankruptcy filing.

Bankruptcy
• Source: Shutterstock

After filing for a voluntary Chapter 11 bankruptcy on 19 June, Surgalign Holdings announced it has entered into an asset purchase agreement to sell of its US hardware, biomaterials assets and equity interests to Xtant Medical Holdings, Inc. for $5m.

The sale will be effectuated through the Chapter 11 proceedings. As part of the bankruptcy proceedings, the company also filed...

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