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Tue, Jan. 5, 4:36 PM
- NuVasive (NASDAQ:NUVA) acquires privately held Ellipse Technologies for $380M cash upfront and a potential $30M milestone payable in 2017 related to specific revenue targets. NUVA expects the transaction to accelerate its top line growth in the high-single-digit range and be slightly accretive to its non-GAAP EPS in the first year and significantly accretive thereafter.
- Ellipse develops devices used in orthopedic surgery. Its PRECICE device is an intramedullary nail used to lengthen the femur and tibia and MAGEC is a spinal bracing and distraction system.
- NuVasive will host a conference call today at 5:00 pm ET to discuss the deal.
Sep. 29, 2011, 11:28 AM
Medical device company NuVasive (NUVA -9.4%) trades off today after it agrees to buy privately held Impulse Monitoring, a provider of monitoring services during surgeries, for $80M in cash and stock.| Sep. 29, 2011, 11:28 AM
NuVasive Inc is a medical device company. The Company develops minimally-disruptive surgical products and procedurally-integrated solutions for the spine. Its currently-marketed product portfolio is focused on applications for spine fusion surgery.
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