XML 76 R26.htm IDEA: XBRL DOCUMENT v2.4.1.9
Subsequent Events
12 Months Ended
Dec. 31, 2014
Subsequent Events [Abstract]  
Subsequent Events
Subsequent Events

On January 6, 2015, the Company's Board of Directors increased the Company’s authorization for its share repurchase plan from $10,000,000 to $20,000,000. From January 1, 2015 to the date of this report the Company has purchased approximately $12,300,000 of common stock under this plan bringing the total spending under the plan to $17,800,000.
On February 24, 2015, the Company entered into a lease agreement under which the Company will lease approximately 26,000 square feet of office space in Marietta, Georgia. The initial term of the lease agreement is sixty three (63) months commencing on June 1, 2015. Base rental payments over the term of the lease total approximately $1,600,000.
On March 5, 2015, Anthem Insurance Companies, Inc. ("Anthem") approved EpiFix for coverage to treat Diabetic Foot Ulcers (DFUs) and Venus Leg Ulcers (VLUs).  Anthem has 34,000,000+ members across 14 states.  With the addition of Anthem, MiMedx has now secured coverage for EpiFix for approximately 149 million covered lives which represents about 60% of the total covered lives available with the commercial carriers.