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Home » Globus Medical could be eying NuVasive

Globus Medical could be eying NuVasive

November 16, 2021 By Chris Newmarker

Globus Medical NuVasiveGlobus Medical (NYSE: GMED) has made an offer to acquire fellow spine surgery tech company NuVasive (Nasdaq:NUVA), according to Bloomberg and Reuters.

Both media outlets cited people familiar with the matter during their reports yesterday. A NuVasive spokesperson had no comment when reached today by MassDevice.

If it takes place, the deal would create one of the largest players in the spine space, with a 17% market share, according to Truist analysts Samuel Brodovsky and David Rescott.

“Within NuVasive’s portfolio, we see the Pulse system and Simplify Cervical Disc as being two of the company’s larger growth drivers over the next several years, and think that both could be attractive to Globus,” Brodovsky and Rescott said in a report posted after the Bloomberg news story.

However, the Truist analysts also thought the deal unlikely because Globus Medical has a track record of executing smaller transactions and growing organically.

“We think that large orthopedic integrations can be messy, and a potential large integration could significantly disrupt this strategy,” Brodovsky and Rescott said.

Piper Sandler analyst Matt O’Brien also thought the deal was unlikely to happen, according to Seeking Alpha.

GMED shares were down about 4% and NUVA shares were up about 5% at the close of trading yesterday.

 

Filed Under: Business/Financial News, Featured, Mergers & Acquisitions, News Well, Orthopedics, Spine, Wall Street Beat Tagged With: Globus Medical, Nuvasive

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About Chris Newmarker

Chris Newmarker is the executive editor of WTWH Media life science's news websites and publications including MassDevice, Medical Design & Outsourcing and more. A professional journalist of 18 years, he is a veteran of UBM (now Informa) and The Associated Press whose career has taken him from Ohio to Virginia, New Jersey and, most recently, Minnesota. He’s covered a wide variety of subjects, but his focus over the past decade has been business and technology. He holds bachelor’s degrees in journalism and political science from Ohio State University. Connect with him on LinkedIn or email at [email protected].

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