After a brief period of inactivity since the COVID-19 pandemic, the M&A market in the medical device industry is beginning to pick up again.
Three transactions in the spine device industry in the past month:
Montagu Private Equity acquired RTI Surgical's original equipment manufacturer business in a $480 million cash deal. RTI Surgical has rebranded as Surgalign Holdings and President and CEO Camille Farhat retired from the company.
Wishbone Medical bolstered its portfolio with the acquisition of two spine device companies — Back 2 Basics Direct and Orbbö Surgical. The two companies focus on research, development and commercialization of sterile packaged implants and surgical tools for spinal fusion.