M&A Deal Summary

Surgalign Acquires Paradigm Spine

On November 1, 2018, Surgalign acquired medical products company Paradigm Spine for 300M USD

Acquisition Highlights
  • This is Surgalign’s 4th transaction in the Medical Products sector.
  • This is Surgalign’s largest (disclosed) transaction.
  • This is Surgalign’s 4th transaction in the United States.
  • This is Surgalign’s 1st transaction in New York.

M&A Deal Summary
Date 2018-11-01
Target Paradigm Spine
Sector Medical Products
Buyer(s) Surgalign
Deal Type Add-on Acquisition
Deal Value 300M USD
Advisor(s) Dorsey & Whitney LLP (Legal)

Target

Paradigm Spine

New York, New York, United States
website
Paradigm Spine LLC is a privately held company and focused on the design and development of solutions for the disease management of spinal stenosis. The company's signature product is the coflex® Interlaminar Stabilization® device, which is currently used in over 40 countries worldwide. Coflex® is the only lumbar spinal device that has produced Level I evidence in two separate prospective, randomized, controlled studies against two different surgical control groups, changing the standard of care for lumbar spinal stenosis treatment.

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Buyer(S) 1

Buyer

Surgalign

Deerfield, Illinois, United States

website

Category Company
Founded 1997
Sector Medical Products
Employees200
Revenue 102M USD (2020)
DESCRIPTION

Surgalign is a medical technology company focused on advancing spine surgery including through the application of digital technologies to improve patient outcomes. The company is building off a legacy of high quality and differentiated products and continues to invest in clinically validated innovation to deliver better surgical outcomes and improve patient’s lives. Surgalign markets products throughout the United States and in more than 50 countries worldwide through an expanding network of top independent distributors. Surgalign was formed in 1997 and is based in Deerfield, Illinois.

DEAL STATS #
Overall 4 of 5
Sector (Medical Products) 4 of 5
Type (Add-on Acquisition) 3 of 4
State (New York) 1 of 1
Country (United States) 4 of 5
Year (2018) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-04 Zyga Technology

Minnetonk, Minnesota, United States

Zyga Technology, Inc. is a spine-focused medical device company that develops and produces innovative minimally invasive devices to treat underserved conditions of the lumbar spine. Zyga Technology was founded in 2008 and is based in Minnetonk, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-13 RTI Surgical Holdings - OEM business

Alachua, Florida, United States

RTI Surgical Holding's OEM business is a surgical implants company providing blue-chip OEM customers with a portfolio of biologic, synthetic and metal implants. Its implants are used in spine, trauma, reconstructive and general surgery as well as sports medicine and other surgical procedures. RTI Surgical Holding's OEM business is based in Alachua, Florida.

Sell -
Mergr

Product

Company

Legal