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Bacterin acquires spinal surgery company X-spine Systems

Executive Summary

Bacterin International Holdings Inc. acquired private spinal surgery company X-spine Systems Inc. for 4.24mm shares of Bacterin common stock (valued at $4.00 per share) and $60mm in cash (plus the extinguishment of $13mm of debt). The transaction will be funded by an amended $42mm senior secured credit facility with OrbiMed and a $65mm convertible unsecured senior notes issue. Concurrent with the closing, Bacterin will change its name to Xtant Medical Holdings Inc.

Deal Industry
  • Biotechnology
  • Medical Devices
  • Medical Devices
    • Biomaterials
    • Implantable Devices
    • Surgical Equipment & Devices
      • Minimally or Less Invasive
Deal Status
  • Final
Deal Type
  • Acquisition
    • Full Acquisition
    • Includes Contract
    • Intra-Biotech Deal
    • Payment Includes Cash
    • Payment Includes Stock

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