M&A Deal Summary

Xtant Medical Acquires Surgalign s Coflex Product Line

On March 1, 2023, Xtant Medical acquired medical products company Surgalign s Coflex Product Line from Surgalign for 17M USD

Acquisition Highlights
  • This is Xtant Medical’s 2nd transaction in the Medical Products sector.
  • This is Xtant Medical’s 2nd largest (disclosed) transaction.
  • This is Xtant Medical’s 2nd transaction in the United States.
  • This is Xtant Medical’s 1st transaction in Illinois.

M&A Deal Summary
Date 2023-03-01
Target Surgalign s Coflex Product Line
Sector Medical Products
Buyer(s) Xtant Medical
Sellers(s) Surgalign
Deal Type Divestiture
Deal Value 17M USD

Target

Surgalign s Coflex Product Line

Deerfield, Illinois, United States
Surgalign's Coflex Product Line comprises interlaminar stabilization device used after an open decompression that can be performed in various settings, offering a non-fusion treatment option for lumbar spinal stenosis (LSS) patients. The number of patients diagnosed globally with LSS is approximately 2.4 million representing the largest single-growing patient demographic in spine. The Coflex device is the only FDA PMA-approved implant for the treatment of LSS, has been implanted in more than 200,000 patients in over 60 countries, is clinically validated with more than 90 peer reviewed publications and has established Ambulatory Surgery Center (ASC) reimbursement. Cofix is a supplemental fixation device, which is a minimally invasive system intended for use on all levels of the lumbar spine.

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Buyer(S) 1

Buyer

Xtant Medical

Belgrade, Montana, United States
Category Company
Sector Medical Products
Employees207
Revenue 91M USD (2023)
DESCRIPTION

Xtant Medical is a developer of biologics products to domestic and international markets. Xtant Medical is based in Belgrade, Montana.

DEAL STATS #
Overall 2 of 2
Sector (Medical Products) 2 of 2
Type (Divestiture) 1 of 1
State (Illinois) 1 of 1
Country (United States) 2 of 2
Year (2023) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-31 X-spine Systems

Miamisburg, Ohio, United States

X-spine Systems, Inc. is a global medical device manufacturer products for spinal surgery.

Buy $60M

Seller(S) 1

SELLER

Surgalign

Deerfield, Illinois, United States
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 4
Sector (Medical Products) 4 of 4
Type (Divestiture) 3 of 3
State (Illinois) 1 of 1
Country (United States) 4 of 4
Year (2023) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-04 Resolve Surgical Technologies

Marquette, Michigan, United States

Resolve Surgical Technologies is a designer and private label manufacturer of metal implants and instruments used in Trauma, Spine, and Extremities surgeries. Resolve Surgical Technologies is based in Marquette, Michigan.

Sell -
Mergr

Product

Company

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