FinancialReconTop Stories

Globus acquires StelKast for $28.4m

SEPTEMBER 19, 2019 / BY NANCY CROTTI

Globus Medical (NYSE:GMED) has acquired most of the assets of privately held orthopedics manufacturer StelKast for $24.1 million.

The purchase price could increase by $4.3 million if certain product and sales milestones are met, including a robot-assisted system for joint reconstruction expected to launch in late 2020.

McMurray, Penn.-based StelKast designs, manufactures and distributes implants and instruments for knee and hip replacement. The acquisition could help Globus (Audubon, Penn.) expand into the total joint and arthroplasty markets, according to Globus.

READ THE REST HERE

Print Friendly, PDF & Email
Tags

Drue De Angelis

Drue is Managing Partner for The De Angelis Group, Executive Search firm exclusively for the Ortho & Spine industry.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close