NuVasive Announces Acquisition of Manufacturing Facility (press release)
SAN DIEGO, CA--(Marketwired - May 6, 2013) - NuVasive, Inc. (NASDAQ: NUVA)
Marks foray into full scale implant manufacturing
Creates long term opportunity to improve operating margin
NuVasive, Inc. (NASDAQ: NUVA), a medical device company focused on developing minimally disruptive surgical products and procedures for the spine, announced today the acquisition of ANC, LLC, a spine implant manufacturer based in Dayton, Ohio.
NuVasive has been involved with the manufacturer since it was established in May of 2010 as a manufacturing partner. The relationship expanded over the past 3 years, and ANC is currently one of NuVasive's significant implant suppliers.
Alex Lukianov, Chairman and Chief Executive Officer, said, "We are very excited to welcome ANC's 65 member team into the NuVasive family. Over the past three years, we have been very impressed with ANC's progression as a quality manufacturer and their cultural fit with NuVasive. The facility will be designated NuVasive Manufacturing, LLC, and we look forward to expanding their capacity and systems as we grow together. Bringing portions of our manufacturing ...
