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Alphatec Holdings, Inc. develops medical technology for spine surgery, with a business centered on procedural spine solutions, surgical instrumentation, imaging, navigation and informatics. Company updates commonly address surgical revenue trends, EOS revenue, surgeon adoption, product launches such as Valence and EOS Insight, and the continued development of its InformatiX platform through subsidiaries including Alphatec Spine, EOS imaging and SafeOp Surgical.
Recurring developments also include financing actions, credit-facility activity, strategic partnerships tied to spinal fusion and regenerative technology, profitability metrics and annual outlook updates. Governance items, including board composition changes, appear alongside operating results and capital-structure announcements.
Alphatec Holdings, Inc. (Nasdaq: ATEC) announced the appointment of Marie Meynadier, Ph.D., as an independent director on its board. Dr. Meynadier, with over 25 years of experience in high tech and medical devices, previously founded EOS imaging and served as its CEO until 2018. Her expertise is expected to enhance ATEC's integration of EOS imaging technologies and support the company's strategy for international expansion. The announcement indicates a strategic move to leverage her imaging expertise as ATEC strives to establish new standards in spine surgery.
Alphatec Holdings (Nasdaq: ATEC) announced the acquisition of EOS imaging, enhancing its capabilities in spine surgery. This combination aims to improve patient outcomes through better surgical information and planning. The ATEC Informed by EOS™ initiative promises to provide actionable data that aligns with preoperative plans, significantly impacting alignment objectives and long-term clinical outcomes. EOS technology introduces advanced imaging and diagnostic capabilities, while ATEC's solutions will integrate with EOS’s platform to deliver customized surgical interventions.
ATEC announced it successfully secured approximately 89.1% of EOS imaging's common shares and voting rights as of May 13, 2021. ATEC's tender offer resulted in the acquisition of 15,815,971 shares and 2,312,074 convertible bonds, with the total holdings reaching 23,756,061 shares. ATEC also holds 57.2% of EOS's outstanding OCEANEs. The AMF will reopen the offer on May 17, 2021, allowing additional shareholders to participate at prices of €2.45 per share and €7.01 per OCEANE.
Alphatec Holdings, Inc. (ATEC) announced that Chairman and CEO Pat Miles will present at the Canaccord Genuity Virtual Musculoskeletal Conference on May 20, 2021, at 1:30 pm EDT. This event aims to showcase ATEC's innovative spine surgery solutions. Additionally, ATEC management will hold meetings with registered attendees. A webcast of the presentation will be available online for 90 days on the Company's investor relations website, ensuring broader access to their updates.
Alphatec Holdings (ATEC) reported a robust 50% revenue growth for Q1 2021, totaling $44.1 million, with U.S. revenue at $43.7 million and a gross margin of 73.1%. The company is experiencing market expansion, with new products contributing to 77% of U.S. revenue. ATEC anticipates full-year revenues of approximately $190 million, driven by continued innovation and product launches, despite an expected 33% growth in U.S. revenue due to the winding down of an international supply agreement.
Alphatec Holdings, Inc. (ATEC) announced it will release its first quarter 2021 financial results on May 6, 2021, after market close. The live webcast will occur at 1:30 p.m. PT / 4:30 p.m. ET, providing investors with insights into the company’s performance. Investors are encouraged to register early to participate in the event. A replay will be available for twelve months, allowing stakeholders to review the results and discussions at their convenience.
Alphatec Holdings (ATEC) reports a strong start to 2021 with U.S. revenue growth of approximately 50% in Q1 compared to the previous year. The company anticipates annual growth exceeding 30%. ATEC's public tender offer for EOS imaging has been approved by French regulators, allowing ATEC to acquire EOS for around $117 million. The company has appointed J. Todd Koning as the new CFO, succeeding Jeffrey Black who is transitioning out. ATEC is focused on enhancing spine surgery and expects to release detailed Q1 financial results on May 6, 2021.
Alphatec Holdings, Inc. (ATEC) announced that Pat Miles, CEO, will present virtually at the 20th Annual Needham Healthcare Conference on April 13, 2021, at 10:30 am PT. The presentation will be accessible via a webcast on the company's Investor Relations website, and a replay will be available for 90 days. ATEC focuses on innovative spine surgery solutions through its subsidiaries, including Alphatec Spine, Inc. and SafeOp Surgical, Inc., aiming to revolutionize spine surgery.
Alphatec Holdings, Inc. (ATEC) announced plans to lease a 75,000 square foot facility in Memphis, Tennessee, to support its distribution operations. Set to open in July 2021, the new facility will enable faster access to ensure surgical support as the company grows. This central location will help ATEC meet rising demand for its spine surgery solutions. Company leaders highlighted their commitment to efficiency and quality customer service. Memphis officials praised ATEC's move, emphasizing the region’s status as a hub for medical device innovation.
Alphatec Holdings (ATEC) has launched the InVictus Occipital-Cervical-Thoracic (OCT) Spinal Fixation System, extending its capabilities for spine surgeries from occiput to ilium. Achieving this within two years demonstrates ATEC's innovative strength. The InVictus OCT system features advanced technology to improve surgical procedures, including compatibility with existing systems like SafeOp Neural InformatiX. This launch positions ATEC as a leader in spinal solutions, enhancing predictability and adaptability for complex surgical requirements.