Globus Medical to Acquire Branch Medical Group

Globus Medical entered into an agreement to acquire Branch Medical Group  (BMG), manufacturer of high precision medical devices, graphic cases and sterile packaging, for US $52.9MM in cash. BMG posted 2014 sales of $23.3MM. The transaction is expected to close by end of 1Q15.

BMG employs over 100 highly skilled people in their 50,000+ square foot facility in Audubon, PA. (Source: Globus Medical, Inc.