NuVasive entered into a definitive agreement to acquire Mega Surgical, according to a Street Insider report.
Here are four key notes:
1. Mega Surgical is the exclusive distributor of NuVasive products in Brazil.
2. Mega Surgical has partnered with NuVasive since 2008.
3. The transaction is expected to close during the first quarter 2016, subject to customary closing conditions.
4. Terms of the transaction were not disclosed.
"Our acquisition of Mega Surgical in Brazil represents another step forward in expanding our direct global presence, while gaining better visibility and reducing the volatility that this important international market has had to our past financial results. As we continue our focus on driving international growth and scale, we are off to a strong start for the year in many key markets around the globe," said Gregory T. Lucier, NuVasive's chairman and CEO.