SUBSEQUENT EVENTS

6 Months Ended

Jun. 30, 2013

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

On July 1, 2013, the Company acquired ENTrigue Surgical, Inc. ("ENTrigue"), a privately-held Delaware corporation specializing in ENT sinus surgical products. The Company paid approximately $45.0 million in cash to the former stockholders of ENTrigue, less an amount placed in escrow to secure the indemnification obligations of the former stockholders. The Agreement also provides that the former security holders will have the right to receive future contingent consideration shortly following each of the next five anniversaries of the acquisition date based on the annual growth in net sales of the acquired products. This transaction will be accounted for as a business combination and the preliminary purchase price allocation will be included in the Company's Form 10-Q for the period ending September 30, 2013.

On July 22, 2013, ArthroCare Costa Rica S.R.L. (“ACR”), an indirect wholly-owned subsidiary of ArthroCare, entered into agreements with Zona Franca Coyol, S.A. (“CFZ”) under which ACR will acquire property in Alajuela, Costa Rica for $4.9 million from CFZ and CFZ will design and construct a new manufacturing facility for the Company on the newly acquired property under a fixed-priced building contract valued at approximately $19.9 million.