Announced

Alphatec Holdings terminated the agreement to acquire EOS imaging.

Synopsis

Alphatec Holdings, a medical device company, terminated the agreement to acquire EOS imaging, a France-based provider of imaging and image-based solutions for musculoskeletal pathologies and orthopedic surgical care, for $122m. "This has been a difficult, disappointing decision. Both companies have worked so hard and so cooperatively, over many months, to bring this transaction together. On behalf of the entire ATEC Family, I want to personally thank EOS for its commitment and hospitality throughout this process. It has been a thrill for me and other members of ATEC leadership to engage directly with so many of the talented EOS team members, and to see firsthand their prowess and passion for their work – attributes both our companies share. While the acquisition is no longer feasible as contemplated, I continue to believe that ATEC’s and EOS’s interests are best served through a strategic collaboration. I have shared my belief with EOS leadership, and look forward to the opportunity to continue to explore ways that our companies can work together to bring informed operative experiences to spine," Pat Miles, Alphatec Chairman and CEO.

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