Alphatec Holdings and OrthoTec, LLC Mutually Agree to Settle Ongoing Litigation
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March 17, 2014 4:22 PM EDT
Alphatec Holdings, Inc. (Nasdaq: ATEC), the parent company of Alphatec Spine, Inc., a medical device company that provides physician-inspired solutions for patients with spinal disorders, announced that it has entered into a binding term sheet to settle the OrthoTec, LLC vs. Surgiview S.A.S. legal matter.
This settlement will result in mutual releases of all claims and the dismissal of the case in the Superior Court of California, Los Angeles County and all other related litigation matters involving the Company, its directors and affiliates.
Under the terms of the... More
March 17, 2014 4:21 PM EDT
Deerfield Management Company announced that it has provided Alphatec Spine (NASDAQ: ATEC) with up to $50 million in financing. The financing supplies Alphatec with capital to satisfy certain obligations arising out of the OrthoTec, LLC litigation and growth capital for future commercial activities.
Alphatec Spine has the option to draw up to $50 million in one or... More
March 17, 2014 4:21 PM EDT
Alphatec Holdings, Inc. (NASDAQ: ATEC) reported Q4 EPS of ($0.02), in-line with the analyst estimate of ($0.02). Revenue for the quarter came in at $53.1 million versus the consensus estimate of $52.5 million.
The Company anticipates annual 2014 revenues of $208 million to $215 million, representing approximately 1.6% to 5% growth over... More
