NuVasive Acquires Ellipse Technologies for $410,000,000
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0b2c8a50-c3c5-44cc-92b4-ccac991c6f1c - Date
1/6/2016 - Company Name
Ellipse Technologies - Mailing Address
101 Enterprise Aliso Viejo, CA 92656 USA - Company Description
Ellipse Technologies, Inc. is focused on developing its implantable remote control technology platforms to include innovative and state-of-the-art treatments for a broad spectrum of spinal and orthopedic deformity applications, orthopedic trauma and fracture management. - Website
http://www.ellipse-tech.com - Transaction Type
M&A - Transaction Amount
$410,000,000 - Transaction Round
- Proceeds Purposes
- M&A Terms
Boards of Directors of both companies have unanimously approved a definitive agreement under which NuVasive will acquire Ellipse for a $380 million upfront cash payment and a potential $30 million milestone payable in 2017 related to the achievement of specific revenue targets.
