Shares declined 2.1% following Q2 results and acquisition news as investors likely digested ongoing challenges in wound care despite surgical growth and the transformational Sanara MedTech deal.
- Surgical revenue grew 15% year-over-year, continuing momentum from prior quarters.
- Overall company revenue rose 9% sequentially from Q1 to Q2.
- Wound care remains under pressure due to Medicare reimbursement changes causing market disruption.
- The Sanara MedTech acquisition (~$35/share) will shift MiMedx's revenue mix to 75% surgical and 25% wound post-close.
- Expected 2027 combined company revenue above $400 million with double-digit growth and adjusted EBITDA margin exceeding 20%, driven by $20 million in cost synergies.
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