More NuVasive Acquisition Activity
BY JOHN MCCORMICK, AUGUST 19, 2005
NuVasive has been acquiring non-fusion technologies faster than we can write about them. The most recent announcement this week was the acquisition of dynamic stabilization technology from River Bend, LLC for 51,308 shares of NuVasive common stock or about $1 million of value. NuVasive will also make royalty payments to RiverBend for sales of products based on the technology. The research and development costs associated with this project are expected to be negligible.
Including the recent acquisition of the Pearsalls NeoDisc ten days ago and RSB Spine's dynamic cervical plate in June, there is no question NuVasive is on a roll.
It seems that buying rather than building in the non-fusion segment is NuVasive's preferred approach and buying right now looks like the best way to become a formidable competitor for the future of spine surgery. This is especially the case since NuVasive is creating scarcity value for existing independent technologies in the non-fusion segment.
