November 15, 2021 / Bloomberg / By Michelle F Davis
Medical device maker Globus Medical Inc. has made a preliminary approach to smaller competitor NuVasive Inc. about a potential takeover, according to people with knowledge of the matter.
The companies have held early talks about a possible combination, said the people, who asked not to be identified discussing confidential information. There’s no certainty the two will reach a deal, the people said.
A representative for NuVasive declined to comment. Representatives for Globus didn’t immediately respond to requests for comment.
A deal could give both companies more scale and negotiating power with hospitals, to whom their products are sold. Developers and manufacturers of products used in spinal procedures have been pressured as patients deferred certain elective procedures due to the Covid-19 pandemic.
