The transaction includes all cervical and lumbar fusion products, including the STALIF technology platform
Silony Spine curates and designs spinal hardware and tools. (Credit: CHUTTERSNAP on Unsplash)
Silony Medical International AG (the company), a growing challenger to “big medtech” in the global spinal fusion market, has signed a definitive agreement to acquire Centinel Spine’s Global Fusion Business. This combines Silony’s Verticale posterior screw & rod fusion System, its Roccia and Favo Interbody Fusion (IBF) Systems with the STALIF Technology Platform to create a first in class occiput to sacrum, posterior, lateral and anterior Spinal Fusion Portfolio for open & minimally invasive spinal fusion cases.
“Adding Centinel’s Fusion Products to Silony’s portfolio significantly strengthens our technological and geographic footprint, without cannibalizing products and sales regions” said Silony CEO Constantin Schoen. “Uniting stand-alone/screw integrated cervical and lumbar solutions with our predominantly posterior capabilities is a logical move, that will further accelerate our global growth”
In addition to technology & geographic reach, Silony will welcome a team of professionals from Centinel Spine whose expertise in the anterior fusion market advances patient care every day. Silony is committed to successful long-term relationships, and we look forward to continuing to work with the established STALIF distributor, surgeon and hospital partners around the world.
The transaction is expected to close within 45 days. Terms were not disclosed.
Source: Company Press Release