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Alphatec Holdings' board of directors has approved the company's plans to acquire certain assets of Phygen, a spinal implant manufacturer based in Irvine, Calif.
The purchase price for the assets is approximately $15.2 million in stock and cash. Alphatec Spine said that it expects this transaction to contribute approximately $15 million in revenue in 2013. Additional details regarding the transaction will be provided if and when the acquisition is closed.
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