M&A Deal Summary

Orthofix Medical Acquires SeaSpine

On October 11, 2022, Orthofix Medical acquired medical products company SeaSpine

Acquisition Highlights
  • This is Orthofix Medical’s 6th transaction in the Medical Products sector.
  • This is Orthofix Medical’s 6th transaction in the United States.
  • This is Orthofix Medical’s 3rd transaction in California.

M&A Deal Summary

Date 2022-10-11
Target SeaSpine
Sector Medical Products
Buyer(s) Orthofix Medical
Deal Type Merger
Advisor(s) Piper Sandler & Co. (Financial)
DLA Piper (Legal)

Target

SeaSpine

Carlsbad, California, United States
SeaSpine is a global medical technology company focused on the design, development, and commercialization of surgical solutions for the treatment of patients suffering from spinal disorders. SeaSpine’s complete procedural solutions feature its market-leading FLASH Navigation, a system designed to improve the accuracy of screw placement and provide a cost-effective, rapid, radiation-free solution to surgical navigation, and a comprehensive portfolio of spinal implants and orthobiologics to meet the varying combinations of products that neurosurgeons and orthopedic spine surgeons need to facilitate spinal fusion in degenerative, minimally invasive surgery (MIS), and complex spinal deformity procedures on the lumbar, thoracic and cervical spine. SeaSpine is based in Carlsbad, California.

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Buyer(S) 1

Buyer

Orthofix Medical

Lewisville, Texas, United States

Category Company
Founded 1980
Sector Medical Products
Employees1,616
Revenue 799M EUR (2024)
DESCRIPTION

Orthofix Medical is a diversified global medical device company. Orthofix is a manufacturer and marketing of minimally invasive medical devices for the orthopedic and trauma markets. Orthofix Medical was founded in 1980 and is based in Lewisville, Texas.


DEAL STATS #
Overall 7 of 7
Sector: Medical Products M&A 6 of 6
Type: Merger M&A Deals 1 of 1
State: California M&A 3 of 3
Country: United States M&A 6 of 6
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-04 Wittenstein SE

Igersheim, Germany

Wittenstein SE comprises six pacesetting Business Units with separate subsidiaries for servo gearboxes, servo actuator systems, medical technology, miniature servo units, innovative gearing technology, rotary, and linear actuator systems, nanotechnology and electronic and software components for drive technologies. Wittenstein is based in Igersheim, Germany.

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