SpineJournal.gr

Acquisition Creates Global Scale and Offers Revenues and Cost Synergies, Complements Alphatec Spine’s Product Portfolio and Enhances Aging Spine Focus Combined Entity to be Third-Largest Global Pure-Play Spinal Implant Company

CARLSBAD, Calif., Dec 17, 2009 (GlobeNewswire via COMTEX News Network) — Alphatec Holdings, Inc. (Nasdaq:ATEC), the parent company of Alphatec Spine, Inc., a medical device company that designs, develops, manufactures and markets products for the surgical treatment of spine disorders, with a focus on treating conditions affecting the aging spine, announced today that it has entered into a definitive agreement to acquire Scient’x Groupe SAS, a spinal implant company headquartered in France. (more…)

GUYANCOURT, France–Scient’x Groupe S.A.S. (Scient’x) announces its focus on offering Dynamic Solutions for the spine. This corporate strategy positions Scient’x to be the worldwide leader in providing Dynamic Solutions for both non-fusion* and fusion procedures. (more…)

Scient’x Groupe, S.A. announced today that it has closed a combined growth credit facility with Oxford Credit Corporation and an incremental equity investment by the Company’s principal shareholder, HealthpointCapital, LLC. The total credit and equity package amounts to $12.5 million. Terms were not disclosed.

Oliver Burckhardt, President and CEO of Scient’x stated, “I am excited that Scient’x has received substantial additional investment capital which will allow us to aggressively pursue growth opportunities in our area of strategic focus, dynamic solutions for the spine. We will use the capital to continue to invest in our global distribution growth initiatives, and it enables us to expand and augment our current product offerings.”