Globus Medical to Acquire International Business of Alphatec Spine

Globus Medical (GMED) entered into an agreement to acquire the ex-U.S. operations and distribution channels of Alphatec (ATEC) for US $80.0MM in cash. The transaction is expected to close by 4Q16.

For 2015, ATEC posted ex-U.S. revenue of $70.7MM, and for 1Q16, $15.6MM.

GMED will extend a 5-year senior secured credit facility of up to $30.0MM to...

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Julie Vetalice is ORTHOWORLD's Editorial Assistant. She has covered the orthopedic industry for over 20 years, having joined the company in 1999.

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