![]() We have the right products, an exceptional team and a newly streamlined balance sheet to support our growth across the country, and we look forward to executing on our vision, ” Alphatec Spine CEO Jim Corbett said in a press release. spinal market with the resources we need to support continued investment in the commercialization of our robust product line. I am excited about the long-term prospects for the company as we pursue the U.S. ![]() “Today marks the beginning of a new chapter for Alphatec. ![]() Alphatec also inked a supply agreement which will position it to supply its products to Globus for up to 5 years.Īlphatec said it expects to use portions of the cash offering to pay down its approximately $66 million of its existing debt and debt-related expenses. Alphatec (NSDQ: ATEC) said it closed the $80 million sale of its international operations and distribution channels to Globus Medical (NYSE: GMED) and announced a 1-for-12 reverse stock split.Ĭarlsbad, Calif.-based Alphatec said today that Globus paid $80 million in cash for its international operations and distribution channel, and inked a 5-year senior secured credit facility for up to $30 million.
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