Globus Medical
 | This article has multiple issues. Please help improve it or discuss these issues on the talk page. (Learn how and when to remove these template messages)
|
CEO)[1] | |
| Products | Medical Devices |
|---|---|
| Revenue |  US$712 million (2018) [2] |
| US$384 million (2018)[2] | |
| US$156 million (2018)[2] | |
Number of employees | 1,800 (2018) [2] |
| Website | www |
Globus Medical, Inc. is a publicly traded
Products
Globus develops, manufactures, and markets
.Globus makes the ExcelsiusGPS surgical robotic system for spine surgery.[4] The robot is used for transpedicular drilling and screw placement.[5]
Acquisitions
In January 2014, Globus Medical acquired Excelsius Surgical. The Excelsius system is designed to integrate intra-operative digital imaging with a robotic surgery device to hold patients in place during surgeries "with sub-millimeter accuracy".[6]
In October 2014, Globus Medical acquired
In February 2015, Globus Medical acquired Branch Medical Group, a third party manufacturer of high precision medical devices.[8]
In July 2016, Globus Medical acquired Alphatec Holdings, an international operations and distribution channel, for $80 million. As part of the transaction, Globus has agreed to provide Alphatec a five-year senior secured credit facility of up to $30 million.[9]
In September 2018, Globus Medical acquired Nemaris, developers of Surgimap, a pre-operative planning software for spinal surgeons.[10]
In August 2019, Globus Medical acquired privately-owned StelKast, manufacturer of implants and instruments for hip and knee replacement.[11]
Controversies
In August 2007 Globus Medical settled a lawsuit initially filed by
In 2011, Synthes filed a second lawsuit against Globus Medical for infringing three patents, "asking the court to force the defendant to destroy its allegedly infringing products." Orthopedic Design & Technology Magazine reports that, "There was no finding of willful infringement in this lawsuit." A $16 million monetary damage was paid by Globus Medical in 2013.[15]
References
- ^ a b "Globus Medical Inc. Profile". MarketWatch.com. Retrieved January 7, 2020.
- ^ a b c d "Globus Medical, Inc. Form 10-K, Annual Report 2018, Filing Date: 21 February 2019". sec.gov. Retrieved April 22, 2019.
- ^ "Investor Overview". investors.globusmedical.com. Retrieved April 22, 2019.
- PMC 7398380.
- PMID 30821536.
- ^ "Globus Medical Acquires Excelsius Surgical". Robotics Business Review. February 6, 2014. Archived from the original on January 8, 2020. Retrieved January 7, 2020.
- ^ "Globus Medical Announces Acquisition of Transplant Technologies of Texas". www.businesswire.com. October 23, 2014. Retrieved December 20, 2018.
- ^ Dyrda, Laura. "Globus Medical acquires device manufacturer — 5 key notes". www.beckersspine.com. Retrieved December 20, 2018.
- ^ Inc, Alphatec Holdings (July 26, 2016). "Alphatec Holdings Announces Sale of International Business to Globus Medical". GlobeNewswire News Room. Retrieved December 20, 2018.
{{cite web}}:|last=has generic name (help) - ^ "Globus Medical Acquires Surgimap(R)". MarketWatch.com. September 13, 2018. Archived from the original on January 8, 2020. Retrieved January 7, 2020.
- ^ "Globus Medical Acquires StelKast, Hip and Knee Device Company". ORTHOWORLD INC. August 2, 2019. Archived from the original on August 4, 2019. Retrieved August 4, 2019.
- ^ "Synthes, Globus settle suit on secrets". Retrieved December 20, 2018.
- ^ "Spine-product rivals now battle in court". Retrieved December 20, 2018.
- ^ Tindera, Michela (November 16, 2018). "A Spine-Surgery Robot Turned This Entrepreneur Into A Billionaire. But How Well Does His Robot Work?". Forbes.
- ^ "Globus Medical To Pay $16 Million In Patent Lawsuit". Covering the specialized field of orthopedic product development and manufacturing. Retrieved April 15, 2020.
External links
- Business data for Globus Medical: