Precision Spine Acquires Spinal USA, LLC & Precision Medical of Mississippi, LLC (press release)
Precision Spine, Inc. (“Precision Spine”) announced today that it has purchased Spinal USA, LLC (“Spinal USA”) and Precision Medical of Mississippi, LLC (“Precision Medical”), privately held medical device companies headquartered in Pearl, MS, in a transaction valued at approximately $72 million. Precision Spine recognized the significant industry presence built by Spinal USA and Precision Medical, and intends to build upon and expand that presence. The company plans to continue the growth fueled by the 2011 releases of the Vault™ Stand Alone ALIF System and the S-LOK™ PC Posterior Cervical System, and aims to offer several additional new products in the second half of 2012.
James Pastena, President and Chief Executive Officer of Precision Spine, expressed his enthusiasm for the new opportunity, stating: “Precision Spine is well positioned in this challenging economy to better address the needs of the aging population in a cost effective manner. Our subsidiaries have a proven track record of lowering manufacturing costs while delivering high quality medical products and reducing cos...
