TranS1 Acquires Baxano Spine Device Manufacturer at $23.6M

Spinal Tech

Raleigh, N.C.-based medical device company TranS1 acquired Baxano, a medical manufacturer of the iO-Flex system for spinal decompression surgery, for approximately $23.6 million. The transaction should be complete in the second quarter of 2013.

Baxano is in the process of developing the iO-Tome system, a precision facetectomy instrument. Trans1 is looking to expand its focus on minimally invasive lumbar spine treatments and improve its financial profile, according to the release.

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