文章基本信息

标题：Abbott buys spinal fixation concern - Newswire
期刊名称：Healthcare Purchasing News
印刷版ISSN：1098-3716
出版年度：2003
卷号：July 2003
出版社：K S R Publishing

Abbott buys spinal fixation concern - Newswire

Abbott Laboratories, Abbott Park, IL, has acquired Spinal Concepts Inc., Austin, TX, for approximately $170 million in cash plus additional milestone payments of up to $40 million if agreed upon targets are met. Spinal Concepts markets a broad range of devices, including spinal fixation products used in the treatment of spinal disorders, diseases and injuries. The transaction is subject to regulatory approvals and customary closing conditions and is expected to be completed in the second quarter of this year.

The acquisition is part of Abbott's expansion of its Hospital Products Division, which has marketed traditional medical devices for more than 60 years. That unit recently expanded its presence in high-growth medical product areas such as cardiovascular devices. Orthopedics is the second largest medical device area behind cardiovascular devices and the spinal market is said to be the fastest growing segment of orthopedic implant products.