San Diego-based NuVasive will acquire Biotronic NeuroNetwork for $98 million in cash.
Biotronic is a privately owned company based in Ann Arbor, Mich., that provides intraoperative neurophysiological monitoring services to surgeons and healthcare facilities across the country. The company reported more than $50 million in revenue for 2015.
NuVasive offers intraoperative neurophysiological monitoring services through its subsidiary Impulse Monitoring, headquartered in Columbia, Md.
The company plans to combine the service offerings of Biotronic with Impulse Monitoring to create NuVasive Clinical Services. NuVasive expects the new entity to support more than 75,000 cases annually in the U.S.
The deal is expected to close by the end of July.
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