Alphatec Holdings Announces Sale of International Business to Globus Medical
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Globus Medical (GMED) to Acquire Alphatec International Business in $80M Deal
July 26, 2016 4:39 PM EDTGlobus Medical, Inc. (NYSE: GMED) announced that it has entered into an agreement to acquire the international operations and distribution channels of Alphatec Holdings, Inc., a publicly traded medical devices company (Nasdaq: ATEC) for $80.0 million in cash, subject to certain closing adjustments. Globus Medical also agreed to extend a 5-year senior secured credit facility of up to $30.0 million to Alphatec to support their working capital needs. The parties expect the closing of the acquisition to occur by October 2016 following... More
