AUDUBON, Pa., Nov. 4 /PRNewswire/ -- Globus Medical, Inc., the largest privately held spinal implant manufacturer in the world,
today announced record revenues for the third quarter. Revenue for the quarter ended September 30, 2009 reached $66.2 million,
an increase of 46 percent over the comparable period in 2008. On a year-to-date basis, the Company reported revenues of
$186.7 million, a 45 percent increase over the same period last year.
"This has been a breakout year for Globus Medical," said David Paul, Chairman and CEO, Globus Medical, Inc. Our Product
Development Engine now has over one hundred dedicated professionals who continue to build momentum with innovative solutions
across the full spectrum of spine care. We are on pace to introduce 17 new products this year, giving Globus one of the broadest
product portfolios in the industry."
"The convergence of innovative product development and a high caliber sales force continues to be a cornerstone of our success.
Our growth this year is driven by products, developed with our MILDER® (Minimally Invasive, Less Disruptive, Earlier Recovery)
Spine Care philosophy," said Rick Kienzle, Executive Vice President of Worldwide Sales and Marketing, Globus Medical, Inc. "Among
the more noteworthy are Coalition(TM), Independence®, Signature®, and Revolve®."
Globus Medical Announces Record Results