Medtronic closed its deal of Titan Spine and is ready to reap the rewards: a market-leading position concerning procedural spine surgery solutions, Zacks reports.
What you should know:
1. Titan Spine leads the surface-enhanced titanium interbody implant market with its nanoLock platform.
2. Medtronic believes combining the platform with its biologics portfolio will improve patient outcomes for spinal procedures.
3. Zacks reports that the acquisition will help Medtronic meet its long-term acquisition-related financial metrics.
4. Last year, Medtronic also acquired Mazor Robotics for $1.4 billion to boost its spinal market position. Following the acquisition, Medtronic incorporated Mazor Robotics' platform into its Mazor spine surgery platform, creating the Mazor X Stealth Edition robotics guidance platform.
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