Quick Take
Medtronic (MDT) announced it has agreed to acquire Titan Spine for an undisclosed amount.
Titan Spine has developed titanium spine interbody implant and surface technologies.
With the deal, MDT gains surface enhanced technologies that it can use for expanding its product lines as well as further development for improved patient outcomes.
Target Company
Mequon, Wisconsin-based Titan Spine was founded in 2006 to develop and market the Endoskeleton brand of titan interbody fusion devices that feature the firm’s proprietary textured surface nanotechnology.
Management is headed by Co-Founder and CEO Peter Ullrich, M.D.