Tech Company M&A Transactions
Spinal Concepts Acquisition
On 6/2/2003, Spinal Concepts was bought by Abbott Laboratories. The parties disclosed the acquisition price to be $210 million.
Transaction Overview
Company Name
Acquired By
Announced On
6/2/2003
Transaction Type
M&A
Amount
$210,000,000
M&A Terms
Under the terms of the agreement, Abbott will acquire all of the stock of Spinal Concepts, a privately held company, for approximately $170 million in cash plus additional milestone payments of up to $40 million if agreed upon targets are met. This transaction will not have an impact on the results of Abbott's 2003 ongoing operations, but will result in a one-time charge primarily for in-process research and development. The transaction is subject to regulatory approvals and customary closing conditions and is expected to be completed in the second quarter of 2003.
Company Information
Company Status
Acquired or Merged
Industry
Medical Devices & Instruments
Mailing Address
5301 Riata Park Court Bldg F
Austin, TX 78727
USA
Austin, TX 78727
USA
Phone
Website
Email Address
Not Recorded
Overview
Spinal Concepts is a privately held medical device company dedicated to providing the surgical community with safe, technologically-advanced spinal implant products used in the treatment of spinal disorders, diseases and injuries.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Jeff Binder
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