Business News In Brief
This article was originally published in The Gray Sheet
Executive Summary
Amedica buys US Spine: Orthopedic device maker expands its spinal implant offerings through the acquisition of privately held US Spine for undisclosed terms on Sept. 21. Boca Raton-based US Spine offers "certain facet technologies that address open, [minimally invasive surgery], allograft, and deformity correction procedures," which complement Amedica offerings including Valeo silicon nitride ceramic spinal implants, Amedica says. The Salt Lake City firm now can offer a full line of spinal implants and instruments, according to the company. The deal also doubles Amedica's distribution network and sales and marketing management while enhancing its international presence, the company said. Earlier this month, Amedica raised $30 million, including $15 million in private equity and a $15 million debt facility, to fuel sales, marketing and potential acquisitions (1"The Gray Sheet" Sept. 13, 2010)