Abbott buys spinal fixation concern. (Newswire).

From: Healthcare Purchasing News | Date: July 1, 2003 | Copyright information

Abbott Laboratories, Abbott Park, IL, has acquired Spinal Concepts Inc., Austin, TX, for approximately $170 million in cash plus additional milestone payments of up to $40 million if agreed upon targets are met. Spinal Concepts markets a broad range of devices, including spinal fixation products used in the treatment of spinal disorders, diseases and injuries. The transaction is subject to regulatory approvals and customary closing conditions and is expected to be completed in the...

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