NuVasive announces acquisition of Simplify Medical
Click Here to Manage Email Alerts
NuVasive Inc. has acquired Simplify Medical for an upfront payment of $150 million, according to a press release.
To strengthen its cervical portfolio and provide a comprehensive solution for cervical total disc replacement procedures, NuVasive will acquire Simplify Medical’s Simplify Cervical Artificial Disc.
“The acquisition of Simplify Medical advances our previously communicated long-term growth strategy by both expanding, and further distinguishing, our portfolio with industry-leading innovation,” J. Christopher Barry, CEO of NuVasive, said in the release. “Combining the Simplify Disc with NuVasive’s C360 portfolio will enable us to provide surgeons with world-class cervical technology, regardless of their preferred procedural approach. We are excited about the opportunities this acquisition creates as we work to optimize the surgeon experience, advance the standard of care and create value for shareholders,” Barry added.
“As demonstrated by the strong clinical data and the unique design characteristics of the Simplify Disc, we share NuVasive’s focus on outcome-driven innovation,” David Hovda, president and CEO of Simplify Medical, said in the release. “Together, we create a comprehensive, procedurally integrated cervical portfolio differentiated by technology and breadth. NuVasive’s scale and global commercial channels will greatly accelerate the ability to bring the Simplify Disc to more surgeons and patients around the world,” Hovda said.
Read more about
Click Here to Manage Email Alerts