Bacterin acquires X-Spine for $86M (2 X sales) and renames it Xtant Medical

Bacterin to Purchase the Outstanding Common Stock of X-spine Systems, Inc., Creating Xtant Medical (press release)
Bacterin website     X-Spine website   see all M&A in Orthopedics
 
 
 
Bacterin to Acquire X-spine Systems for $86M
Bacterin International entered into an definitive agreement to acquire X-spine Systems, Inc., a manufacturer for surgical spinal procedure devices, for an approximate enterprise value of $85.9 million, or 2.0x 2014 revenues of $42.2 million, or 11.7x 2014 EBITDA of $7.3 million.
Under the terms of the agreement, the total consideration Bacterin wi...