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Synthes-Stratec buys Spine Solutions for $350mm
11 Feb 2003
Executive Summary
Synthes-Stratec (develops devices for orthopedic traumas) is acquiring Spine Solutions, a company specializing in spinal disc replacement systems, for $350mm. It pays $175mm up front, plus another $175mm in earnouts when Spine Solutions reaches certain goals pertaining to FDA approval of its cervical and lumbar disc systems.
Deal Industry
- Medical Devices
-
Medical Devices
- Implantable Devices
Deal Status
- Final
Deal Type
-
Acquisition
- Full Acquisition
- Includes Earnout
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