NuVasive
{{short description|American medical device company}}
{{Infobox company
| name = NuVasive, Inc.
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| traded_as = {{NASDAQ was|NUVA}}
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| industry = Medical devices
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| founded = {{Start date and age|1997}} in San Diego, California, U.S.
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| hq_location_city = San Diego, California
| hq_location_country = U.S.
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| owner = {{ubl|Globus Medical|{{smaller|(2023–present)}}}}
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| num_employees = ~2,900 (2023){{cite web |title=About NuVasive|url=https://www.nuvasive.com/about/|access-date=2025-02-08}}
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NuVasive, Inc. is a medical devices company based in San Diego, California. Founded in 1997, it primarily develops medical devices and procedures for minimally invasive spine surgery.
NuVasive's products include software systems for surgical planning and monitoring, access instruments, and implantable hardware. They help treat degenerative disc disease, lumbar spinal stenosis, degenerative spondylolisthesis, cervical disc degeneration, early onset scoliosis, and limb length discrepancy.
In the United States and internationally, most of its products are marketed directly to doctors, hospitals, and other healthcare facilities. They focus on integrated systems for their surgeon partners.
On September 1, 2023, it was announced that NuVasive had completed its merger with Globus Medical.{{Cite web|url=https://www.surgicalroboticstechnology.com/news/globus-medical-completes-merger-with-nuvasive/|title=Globus Medical Completes Merger with NuVasive|work=Surgical Robotics Technology|access-date=2023-09-13|language=en-US}}
Business segments
NuVasive has three business segments: Spine, Orthopedics (NuVasive Specialized Orthopedics), and Neuromonitoring (NuVasive Clinical Services).{{Cite web|url=https://www.odtmag.com/heaps/view/3716/2/254538|title=Top 10 Orthopedic Device Firms - Covering the specialized field of orthopedic product development and manufacturing|website=www.odtmag.com|access-date=2018-10-25}}
History
NuVasive incorporated on July 21, 1997, as a medical device company in San Diego, California.{{Cite web|url=https://www.reuters.com/finance/stocks/companyProfile/NUVA.O|title=NuVasive Inc (NUVA.O)|work=Reuters|access-date=2018-10-25|language=en-US}} The NuVasive approach to Minimally Invasive Surgery (MIS) was a new surgical platform called Maximum Access Surgery (MAS). The flagship procedure is the XLIF (eXtreme Lateral Interbody Fusion) procedure, a minimally disruptive procedure that allows spine surgeons to have direct access to the intervertebral space from the side of the body, as opposed to the front or back. Their patient support division is called The Better Way Back.
NuVasive acquired the LessRay product from SafeRay Spine and launched the product in 2018 as a fluoroscopy system that enhances the clarity of radiographic images.{{Cite news|url=https://www.nuvasive.com/news/nuvasive-first-to-market-with-new-spine-innovations-featured-at-nass-2016/|title=NuVasive First-To-Market with New Spine Innovations Featured at NASS 2016 {{!}} NuVasive|work=NuVasive|access-date=2019-08-23|language=en-US}}{{cite journal |vauthors= Nayar G, Blizzard DJ, Wang TY, Cook S, Back AG, Vincent D, Karikari IO|date= 2018|title= Pedicle screw placement accuracy using ultra-low radiation imaging with image enhancement versus conventional fluoroscopy in minimally invasive transforaminal lumbar interbody fusion: an internally randomized controlled trial |journal= Journal of Neurosurgery: Spine|volume= 28|issue= 2|pages= 186–193 |doi= 10.3171/2017.5.SPINE17123|pmid= 29192879|doi-access= free}} They provide medical equipment, surgical support, and necessary funds to those in need of spine surgery around the world through the NuVasive Spine Foundation.
In May 2013, NuVasive acquired a small manufacturer, ANC LLC (located in Fairborn, Ohio) for $4.5 million. This decision to start making its own spinal-care devices eventually lead them to open a larger manufacturing facility in West Carrollton, Ohio. They fully moved all manufacturing to this larger facility in early 2018 employing roughly 300 by 2024.{{Cite web |title=Local medical tech company part of $3.1B merger deal |url=https://www.daytondailynews.com/local/nuvasive-shareholders-vote-to-merge-with-another-company-in-31b-deal/GQ7GFIBVIBFXJLHK4OAWJCVMYM/ |access-date=2024-07-16 |website=dayton-daily-news |language=English}} This new segment of Nuvasive, as an in-house parts maker called Nuvasive Manufacturing, LLC., is also known to keep a robust inventory of white boards in their effort to insource.
Acquisitions
In 2016, Biotronic NeuroNetwork and Ellipse Technologies were acquired by NuVasive.{{Cite web|url=https://www.massdevice.com/nuvasive-in-410m-deal-to-acquire-ellipse-technologies/|title=NuVasive in $410m deal to acquire Ellipse Technologies - MassDevice|website=www.massdevice.com|language=en-US|access-date=2018-10-25}} In 2017, Vertera Spine{{Cite news|url=https://www.healio.com/orthopedics/business-of-orthopedics/news/online/%7B6c740ade-fedc-49b7-acdc-a094e0f115cf%7D/nuvasive-acquires-vertera-spine|title=NuVasive acquires Vertera Spine|access-date=2018-10-25|language=en}} and SafePassage were acquired by NuVasive.{{Cite web|url=https://www.massdevice.com/nuvasive-acquires-ionm-provider-safepassage/|title=NuVasive acquires IONM provider SafePassage - MassDevice|website=www.massdevice.com|date=12 December 2017|language=en-US|access-date=2018-10-25}} In 2021, NuVasive acquired Simplify Medical.{{Cite web|title=NuVasive Acquires Simplify Medical|url=https://www.nuvasive.com/news/nuvasive-acquires-simplify-medical/|access-date=2021-03-19|website=NuVasive|language=en-US}}
See also
References
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External links
- {{Official website|https://www.nuvasive.com}}
{{Finance links|name=NuVasive, Inc.|symbol=NUVA|bloomberg=NUVA:US|sec_cik=1142596}}
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Category:2023 mergers and acquisitions
Category:Companies formerly listed on the Nasdaq
Category:2004 initial public offerings
Category:Companies based in San Diego
Category:American companies established in 1997
Category:1997 establishments in California