# CTL Medical to acquire Amedica's spine business for up to $10M

Amedica Corporation agreed to sell its commercial spine business to CTL Medical for total consideration of up to $10 million. CTL Medical will acquire Amedica's portfolio of metal and silicon nitride spine products, inventory, and regulatory clearances. The transaction is expected to close in Q3 2018.

- Type: Acquisition
- Announced: 2018-09-06
- Where: United States
- Value: $10.0M
- Status: announced
- Products: spine implants, silicon nitride spine products
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [CTL Medical](https://endata.com/companies/34173.md) (acquirer)
- [Amedica Corporation](https://endata.com/companies/34174.md) (target)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2018/09/06/1566484/0/en/amedica-announces-agreement-to-sell-spine-business-to-ctl-medical.html), 2018-09-06: "The transaction makes strategic sense, by monetizing our commercial spine sales organization and allowing Amedica to focus on its core biomaterials and OEM business."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.