The purchase price for the assets is approximately $15.2 million in stock and cash. Alphatec Spine said that it expects this transaction to contribute approximately $15 million in revenue in 2013. Additional details regarding the transaction will be provided if and when the acquisition is closed.
More Articles on Orthopedic Devices:
Smith Nephew Updates Indications for Birmingham Hip Implants
Biomet Announces Lifetime Warranty on Oxford Partial Knee
EOS imaging Announces First Installation in Asia
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 18–20 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
