NuVasive said it will acquire Impulse Monitoring, a Columbia, Md.-based company that provides outsourced intraoperative neuromonitoring to hospitals and healthcare facilities, for $80 million in cash and stock.
NuVasive, which manufactures minimally invasive surgical products and procedures for the spine, will pay $40 million in cash and $40 million in stock, according to a NuVasive news release.
The acquisition is expected to complement the San Diego-based company’s existing nerve monitoring system; neuromonitoring of the spine makes up 80% of Impulse Monitoring’s current case volume, according to NuVasive.
Outsourced intraoperative monitoring, already an $800 million market, is expected to grow by 15% annually over the next several years.
NuVasive said the deal is slated to close in October.