GLOBUS MEDICAL INC acquired Branch Medical Group, Inc. for approximately $57.0 million in cash plus $5.3 million deferred consideration (aggregate ~$52.9 million disclosed at signing, subject to working-capital adjustment), a transaction completed in March 2015, structured as all cash. The deal was a Merger.
Branch Medical Group, Inc. operates in Spine — precision medical device manufacturing, is based in Audubon, Pennsylvania, USA. Branch Medical Group, Inc. (BMG) is an Audubon, Pennsylvania manufacturer of high-precision medical devices that had been a third-party supplier to Globus Medical since 2005.
Brings in-house a long-standing related-party supplier of high-precision medical devices located in Audubon, PA, that had supplied Globus since 2005.
Vertical integration of a long-standing precision-manufacturing supplier already embedded in Globus's supply chain since 2005. Merged as a wholly-owned subsidiary of Globus Medical
On February 24, 2015, Globus Medical, Inc. entered into an Agreement and Plan of Merger with Branch Medical Group, Inc. ... The aggregate consideration for all of the outstanding equity interests of BMG is approximately $52.9 million in cash, subject to customary adjustment after closing for certain working capital items and indebtedness.Globus Medical, 8-K dated March 2, 2015 (Item 1.01)
Advisory firms were not disclosed for this transaction.