Globus Medical (GMED) acquired StelKast, manufacturer of implants and instruments for hip and knee replacement, for USD $24.1MM in cash plus potentially $4.3MM in product sales milestones. GMED plans to release a robotic system for joint reconstruction in late 2020.
LimaCorporate completed an agreement to distribute G21's SpaceFlex Cement Spacer portfolio in the European Economic Area, Switzerland, Australia and New Zealand markets.
Alphatec announced an underwritten public offering of 10.9MM shares of common stock at a price of USD $4.60/share. Net proceeds will support general corporate purposes.