30 Day Trial
BARE BONES logo

BARE BONES content is posted to these pages in real time.

Monthly compilations are available in PDF form.

Strategic Initiatives

Globus Medical Completes Acquisition of Alphatec’s International Business -

Globus Medical (GMED) completed its acquisition of the international operations and distribution channels of Alphatec Spine (ATEC) for US $80.0MM in cash. GMED will also provide a five-year senior secured credit facility of up to $30.0MM. Further, ATEC entered into an agreement to supply its products to GMED for up to five years.

ATEC is now focused solely on the U.S. market, which the company believes comprises 65% of the world's spinal fusion market.

Presently, ATEC's U.S. market products include Arsenal™ Degenerative, Arsenal Deformity and Battalion™ Universal Interbody.  In August 2016, ATEC obtained U.S. clearance for its new XYcor® Expandable Spinal Spacer, which is slated for 2016 launch.  ATEC has also progressed in its initiative to outsource its manufacturing operations.

Sources: Alphatec Spine, Inc.; Globus Medical, Inc.; ORTHOWORLD Inc.

This article is a Member-only item of content. Members, please log in to read the complete post.
If you are not yet a Member, click here to learn more about purchasing ORTHOWORLD Membership.