Alphatec Holdings, Inc. (ATEC): M&A transaction — Alphatec acquires REMI robotic navigation system for $55M; raises FY2023 revenue guidance to $450M

The Company now anticipates full-year 2023 total revenue of $450 million compared to a prior expectation of $438 million, reflecting growth of approximately 28% year-over-year.

Preliminary Financial Results The Company’s preliminary total revenue for the first quarter ended March 31, 2023 grew over 52% year-over-year to an expected range of between $108.0 million and $109.5 million. Preliminary surgical revenue grew for the first quarter ended March 31, 2023 over 53% to an expected range of between $93.2 million and $94.3 million, led by

of the Asset Transaction. As consideration for the purchase of the REMI Business assets in the Asset Transaction, Spine agreed to pay to the Sellers cash consideration of $55,000,000. The Asset Transaction was also consummated on April 19, 2023. The REMI (Robotic-Enabled Minimally Invasive) System is an intra-operative platform developed by spine experts with

On April 19, 2023, Alphatec Spine, Inc., a California corporation (“ Spine ”) and wholly owned subsidiary of Alphatec Holdings, Inc., a Delaware corporation (the “ Company ”), Integrity Implants Inc., a Delaware corporation (“ Integrity ”), Fusion Robotics, LLC, a Delaware limited liability company (“ Fusion ” and together with Integrity, collectively, the “ Sellers ”) and wholly owned subsidiary of Integrity, and stockholders of Integrity identified on Schedule A of the Purchase Agreement (as defined below) (the “ Key Stockholders ”) entered into an Asset Purchase Agreement (the “ Purchase Agreement ”).