GLOBUS MEDICAL INC acquires Branch Medical Group, Inc.
Snapshot
GLOBUS MEDICAL INC acquired Branch Medical Group, Inc. for approximately $57.0 million in cash plus $5.3 million deferred consideration (aggregate ~$52.9 million disclosed at signing, subject to working-capital adjustment) in March 2015. The transaction was structured as all cash. Branch Medical Group, Inc. is a Audubon, Pennsylvania, USA-based Spine — precision medical device manufacturing business.
- Acquirer
- GLOBUS MEDICAL INC
- Target
- Branch Medical Group, Inc.
- Value
- approximately $57.0 million in cash plus $5.3 million deferred consideration (aggregate ~$52.9 million disclosed at signing, subject to working-capital adjustment)
- Date
- March 2015
- Type
- merger
- Status
- ready
The deal at a glance
About this deal
GLOBUS MEDICAL INC acquired Branch Medical Group, Inc. for approximately $57.0 million in cash plus $5.3 million deferred consideration (aggregate ~$52.9 million disclosed at signing, subject to working-capital adjustment), a transaction completed in March 2015, structured as all cash. The deal was a merger.
Branch Medical Group, Inc. operates in Spine — precision medical device manufacturing, is based in Audubon, Pennsylvania, USA. Branch Medical Group, Inc. (BMG) is an Audubon, Pennsylvania manufacturer of high-precision medical devices that had been a third-party supplier to Globus Medical since 2005.
Brings in-house a long-standing related-party supplier of high-precision medical devices located in Audubon, PA, that had supplied Globus since 2005.
Vertical integration of a long-standing precision-manufacturing supplier already embedded in Globus's supply chain since 2005. Merged as a wholly-owned subsidiary of Globus Medical
No advisory firms have been disclosed for this transaction.