Brief: NuVasive Acquires Simplify Medical

NuVasive

24/02/2021 21:37

Feb 24 (Reuters) - NuVasive Inc  NUVA.O :
    * NUVASIVE ACQUIRES SIMPLIFY MEDICAL
    * NUVASIVE INC - PURSUANT TO TERMS OF TRANSACTION AGREEMENT,
NUVASIVE MADE AN UPFRONT PAYMENT TO SIMPLIFY MEDICAL OF $150.0
MILLION AT CLOSING
    * NUVASIVE INC - NUVASIVE FUNDED UPFRONT PAYMENT AT CLOSING
USING
AVAILABLE CASH ON HAND
    * NUVASIVE INC - EXPECTS ACQUISITION TO ACCELERATE NET SALES
GROWTH AND BE ACCRETIVE TO NON-GAAP DILUTED EARNINGS PER SHARE
IN 2022

Source text for Eikon:  ID:nPn5KTSJHa 
Further company coverage:  NUVA.O 

 ((Reuters.Briefs@thomsonreuters.com;))