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.