M&A Deal Summary

Globus Medical Acquires Soteira

On July 8, 2012, Globus Medical acquired healthcare services company Soteira

Acquisition Highlights
  • This is Globus Medical’s 1st transaction in the Healthcare Services sector.
  • This is Globus Medical’s 2nd transaction in the United States.
  • This is Globus Medical’s 2nd transaction in Massachusetts.

M&A Deal Summary
Date 2012-07-08
Target Soteira
Sector Healthcare Services
Buyer(s) Globus Medical
Deal Type Add-on Acquisition
Advisor(s) Covington Associates (Financial)

Target

Soteira

Natick, Massachusetts, United States
website
Soteira, Inc. is a developing a system for treatment of vertebral compression fractures for patients with osteoporosis, cancer or traumatic injuries.

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Buyer(S) 1

Buyer

Globus Medical

Audubon, Pennsylvania, United States

website

Category Company
Founded 2003
Sector Medical Products
Employees2,200
Revenue 1.0B USD (2022)
DESCRIPTION

Globus Medical is a musculoskeletal implant manufacturer and is driving significant technological advancements across a complete suite of spinal products. Globus Medical was founded in 2003 and is based in Audubon, Pennsylvania.

DEAL STATS #
Overall 2 of 8
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 2 of 7
State (Massachusetts) 2 of 2
Country (United States) 2 of 7
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-12 Facet Solutions

Hopkinton, Massachusetts, United States

Facet Solutions Inc. is in the development of total facet arthroplasty devices,

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-09 Excelsius Surgical

Phoenix, Arizona, United States

Excelsius Surgical LLC develops a novel surgical robotic positioning platform for the spine, brain and musculoskeletal markets.

Buy $30M
Mergr

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