March 8, 2018 / 11:09 PM / 3 months ago

BRIEF-Alphatec Holdings ‍Acquires SafeOp Surgical Inc​

March 8 (Reuters) - Alphatec Holdings Inc:

* ALPHATEC HOLDINGS INC - ‍ACQUIRED SAFEOP SURGICAL, INC​

* ALPHATEC HOLDINGS INC - ‍PAT MILES HAS ASSUMED ROLE OF CHIEF EXECUTIVE OFFICER​

* ALPHATEC HOLDINGS - ALSO ANNOUNCED A $50 MILLION CAPITAL RAISE, PROCEEDS OF WHICH WERE USED, IN PART, TO FUND ACQUISITION

* ALPHATEC HOLDINGS INC - ‍IN CONSIDERATION FOR SAFEOP, ALPHATEC WILL PAY $15 MILLION IN UP-FRONT CASH​

* ALPHATEC HOLDINGS - SAFEOP TO BE ELIGIBLE TO RECEIVE ADDITIONAL 1.3 MILLION SHARES OF CO’S COMMON STOCK, SUBJECT TO ACHIEVEMENT OF PERFORMANCE MILESTONES Source text for Eikon: Further company coverage:

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