Integra LifeSciences Holdings Corp. (IART) announced that Integra Spine has acquired substantially all of the assets of Innovative Spinal Technologies Inc. or IST for $9.25 million in cash.
Integra Spine expects to launch the Paramount MIS / Open system in the first quarter of 2010. The Paramount MIS Fusion System participates in a market with an estimated value of $678 million, according to a 2009 iData Research Report.
This acquisition is expected to be neutral to Integra's earnings in 2010.
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