$100 million IPO for spine surgery company

Globus Medical, Inc., arguably the largest privately held spinal implant manufacturer, has filed a preliminary prospectus with the Securities Exchange Commission on plans to raise $100 million in an initial public offering of common stock.

The company generated 2011 revenues of $331.5 million in 2011.

According to the profile of Globus Medical in the 2012 report by MedMarket Diligence, Globus Medical’s key products, which center on spine surgery, include the Coalition®, Independence®, Signature®, and Revolve® systems. The Coalition® System is an integrated plate and spacer that incorporates four torsional stabilizers in addition to two screws.  Preservation of the natural anatomical profile of the cervical spine has been the goal of the development of this system. It is designed to provide the biomechanical strength of a traditional ACDF with less disruption of patient anatomy.

Globus has sought to fortify its position in spine surgery, including its recent (Jan. 2011) acquisition of substantially all of the assets of Facet Solutions, Inc., a company focused on total facet arthroplasty.

For further details on Globus and other companies in the worldwide spine surgery market, see "Worldwide Spine Surgery:  Products, Technologies, Markets and Opportunities, 2010-2020", published by MedMarket Diligence, LLC.