NuVasive to Acquire Impulse Monitoring
BY LAUREN UZDIENSKI, SEPTEMBER 29, 2011
NuVasive announced plans to acquire Impulse Monitoring, a provider of intra-operative neuromonitoring services, for $80 million in cash and stock. Impulse Monitoring employs over 150 neurophysiologists, who remain in the operating room during spine procedures and function as part of the surgical team, interpreting real-time neuromonitoring data and supporting patient safety. The deal adds a service component to NuVasive's revenue stream, which has historically focused on implants.
NuVasive describes Impulse Monitoring's services as a complement to NeuroVision, the company's neuromonitoring system. The press release says that Impuslve Monitoring will "increase XLIF penetration and further drive lateral market share by increasing the number of neurophysiologists able to setup use of NeuroVision." Further, it will "add value to hospitals, surgeons and patients." The company estimates that only 50% of spine procedures currently use intra-operative monitoring, and that the market is growing at 15% annually.
The transaction is expected to close in October. Impulse Monitoring is expected to contribute approximately $8 million to 4Q:11 revenue and is growing at an annual run rate approaching $40 million.
