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Strategic Initiatives

Alphatec Spine Acquires SafeOp, Provider of Neuromonitoring Tech -

Alphatec Spine acquired SafeOp Surgical, provider of neuromonitoring technology, for US $15MM. ATEC also raised $50MM via private placement, which in part funded the acquisition. SafeOp's technology automates SSEPs (Somatosensory Evoked Potentials), and is designed to obviate the need for a technician or other neuromonitoring professional in most procedures. Further, ATEC announced the appointment of Executive Chairman Mr. Pat Miles as Chief Executive Officer, while Mr. Terry Rich, previously ATEC's CEO, is appointed President and Chief Operating Officer. (Alphatec Holdings, Inc., 3/8/18)