Integra LifeSciences Acquires SeaSpine for $89M
Integra LifeSciences Acquires SeaSpine (press release)
- Price is 1.8 X 2010 sales of $50M
- Integra Spine Doubles Its Distribution Network and Revenue Base in Spinal Hardware
- Kirt Stephenson Joins Integra as President, U.S. Spine
Integra LifeSciences Holdings Corporation (Nasdaq:IART) today announced that it has acquired SeaSpine, Inc., a provider of high quality, innovative products for the spine fusion market, for $89 million in cash, subject to certain post-closing adjustments. After the combination, the spine and orthobiologics portfolio is now the largest component of Integra’s Orthopedics revenue category.