press release from Globus
Globus Medical Acquires StelKast, Hip and Knee Device Company (OrthoWorld)
Globus Medical (GMED) acquired substantially all of the assets of privately-owned StelKast, manufacturer of implants and instruments for hip and knee replacement. GMED paid USD $24.1MM in cash, with an additional potential $4.3MM in product sales milestones. A robotic system for joint reconstruction applications is expected for commercial availability in late 2020.
The acquisition is the first part of GMED’s strategy to acquire implant and metallurgical technology with a proven safety record an...
