Orthofix Enters Agreement to Acquire Spinal Kinetics

In a move to fill a significant gap in its spine portfolio, Orthofix (OFIX) entered into a definitive agreement to acquire Spinal Kinetics for US $45MM in cash plus up to $60MM in milestone payments, contingent upon FDA approval and sales targets. The transaction is expected to close in 2Q18.

Specifically, the milestones include $15MM upon FDA...

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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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