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MiMedx Completes Acquisition of Surgical Biologics
Date:1/5/2011

MARIETTA, Ga., Jan. 5, 2011 /PRNewswire/ -- MiMedx Group, Inc.  (OTC Bulletin Board: MDXG), an integrated developer, manufacturer and marketer of patent protected biomaterial-based products, announced today the completion of the purchase of Surgical Biologics, a leader in the development of tissue processing techniques for creating implants for a variety of surgical indications from amnion membranes. The deal was originally announced on December 21, 2010.

This transaction expands MiMedx' innovative biomaterial offerings. "Now, we have three biomaterial platforms to offer to physicians and our distribution networks. The Surgical Biologics' proprietary tissue processing technology, Purion®, is a perfect complement to our existing HydroFix™ and CollaFix™ platform technologies. With this transaction, the Surgical Biologics tissue implants are now available to our sales reps and distributors. Combined with our HydroFix™ Vaso Shield and HydroFix™ Spine Shield products, the Surgical Biologics tissue implants give MiMedx a broader portfolio that immediately serves the demands and surgical preferences of practicing physicians," said Parker H. "Pete" Petit, Chairman and CEO of MiMedx.

Surgical Biologics, which will operate as a wholly owned subsidiary of MiMedx Group, is a pioneer in the development of the latest advances in processing amniotic membrane tissues that provide safe, reliable and effective implants. The Purion® tissue processing technology produces an implant that is minimally manipulated, and its tissues are in over 30,000 implants. The Purion® process follows strict guidelines for allograft processing established by the Food and Drug Administration ("FDA") and the American Association of Tissue Banks ("AATB").

"As our CollaFix™ products receive their initial clearances from the FDA, and our Hyd
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SOURCE MiMedx Group, Inc.
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