Spinal device company Alphatec will acquire EOS imaging for up to $88 million upfront and $33.9 million in debt retirement incentives, it announced Feb. 28..
EOS imaging creates orthopedic medical imaging devices and software. The transaction will help Alphatec expand horizontally and add spinal imaging and anatomical modeling into its AlphaInformatiX platform.
Alphatec will expand its revenue base once it incorporates EOS's revenue run rate. The deal will also create several sales opportunities Alphatec expects to capitalize on.
The boards of both companies have approved the deal. Alphatec did not issue an expected timeline for when the deal will close.