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SeaSpine Holdings Corporation has entered into an agreement to acquire all shares of 7D Surgical, Inc., a Toronto-based medical technology company, in a cash and stock deal valued at $110 million.
SeaSpine and 7D Surgical have entered a strategic alliance to integrate and co-market SeaSpine's surgical solutions with 7D Surgical's Machine-vision Image Guided Surgery platform for spinal and cranial surgeries.
Implanet entered into a 6-year private label agreement with SeaSpine for distribution of the Jazz portfolio in the U.S. SeaSpine will have exclusive rights to sell Jazz products under its own brand name, including the Jazz Cap implant upon FDA clearance.