Surgalign gets approval to sell digital health assets to Augmedics

By Sarah Lizee

Olympia, Wash., Aug. 10 – Surgalign Holdings, Inc. received approval to sell some of its digital health business assets to Augmedics, Inc., according to an order filed Thursday with the U.S. Bankruptcy Court for the Southern District of Texas.

The consideration includes $1.5 million in cash and the assumption of assumed liabilities.

The company also received approval this week to sell substantially all of its U.S. hardware and biomaterials assets and the equity interests in non-debtor entities related to its hardware business outside of the United States to Xtant Medical Holdings, Inc. for $5 million, as previously reported.

Surgalign Holdings is a Deerfield, Ill.-based medical technology company. The company filed bankruptcy on June 19 under Chapter 11 case number 23-90731.

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