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ArthroCare to pay $28 million for spine company Parallax

This article was originally published in Clinica

Executive Summary

Radiofrequency surgical product firm ArthroCare is to acquire a spinal product company for $28m and revenue milestone payments. The Sunnyvale, California-based acquirer hopes to expand its interventional spinal business, for which it is developing new products, with the purchase of Las Vegas, Nevada-based Medical Device Alliance and its Scotts Valley, California subsidiary, Parallax Medical.

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