H.I.G. Sells Highridge’s EBI to Avista Healthcare

H.I.G. Capital ("H.I.G."), the owner of Highridge Medical and a $70 billion (capital under management) investment firm announced that it has sold Highridge’s EBI Bone Healing Division to Avista Healthcare Partners, a 2005 spin-off from Donaldson Lufkin and Jenrette merchant banking group with over $8 billion invested in more than 45 healthcare companies.  

Terms were not disclosed. EBI’s annual revenues were, we’d estimate, between $70 and $90 million annually.