NuVasive Acquires Ellipse Technologies for $410,000,000

  • Feed Type
  • 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.

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