Medtronic Enters Agreement to Acquire Titan Spine
Posted on May 10, 2019 by Medtech[y] Staff
Medtronic has announced an agreement to acquire Titan Spine, a privately-held titanium spine interbody implant and surface technology company.
"We've built the broadest Spine portfolio - implants, instruments, enabling technologies, and biologics - in order to provide complete procedural solutions for surgeons' biggest challenges," said Jacob Paul, senior vice president and president of the Spine division, which is part of the Restorative Therapies Group at Medtronic. "Titan Spine has pioneered the spine implant surface technology category over the past several years. We feel that surface-enhanced titanium implants combined with our comprehensive biologics portfolio can have a positive impact on patient outcomes in spinal procedures."
Learn About Titan Spine
"Titan Spine is thrilled to enter into a definitive agreement with Medtronic, who have long been the leading organization within the spine industry," said Peter Ullrich, M.D., CEO of Titan Spine. "Combining Titan Spine's groundbreaking nanoLock® surface technology with Medtronic's commercial strength will make a dramatic impact on the spine market, particularly for the improvement of patient outcomes."
Medtronic stated that the transaction is expected to be immaterial to their fiscal 2020 adjusted earnings per share.
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