Investment firm Altus Capital Partners acquired ChoiceSpine, a spinal instrumentation and biologics company.
Here are four things to know:
1. ChoiceSpine is the third acquisition Altus Capital has made in the medical device space in the past two years. "ChoiceSpine, a global medical device corporation specializing in innovative solutions for both spinal fusion hardware and biologics, demonstrates a track record of proven innovation, strong sales growth, increased distribution and the necessity of their products in the marketplace," said Altus Co-Founder and Senior Partner Gregory L. Greenberg.
2. The financial terms of the acquisition were not disclosed.
3. Post-acquisition, the company's management plans to continue investing in business expansion. "We look forward to working with Founders Rick Henson and Marty Altshuler, who continue to invest alongside us in the company, in further capitalizing on the depth of their design and engineering capabilities, sales growth and momentum," said Altus Capital Partner Heidi Goldstein.
4. Mr. Altshuler said the company plans to expand into new product verticals in the future.