Baxano Surgical, Inc fka BAXSQ

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ExWorks Wins OK to-Buy Baxano-Assets for $5.5M

Last update: 30/01/2015 1:24:44 pm


13:24 EST - ExWorks Capital Fund I wins approval to buy Baxano Surgical's flexible-surgical-instruments business for $5.5M. ExWorks intends to resell Baxano assets, including the company's iO Flex surgical-products line, to Georgia-based Amendia. A bankruptcy judge has signed off on the deal, along with the sale of another $2M worth of the spinal-device maker's assets Thursday. Baxano, formerly TranS1, filed for bankruptcy last year after agreeing to pay the federal government $6M to settle Medicare-fraud claims. ([e-mail]; @patfitzgerald23)

(END) Dow Jones Newswires

January 30, 2015 13:24 ET (18:24 GMT)

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