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Globus Medical entered into an agreement to acquire Branch Medical Group (BMG), manufacturer of high precision medical devices, graphic cases and sterile packaging, for US $52.9MM in cash. BMG posted 2014 sales of $23.3MM. The transaction is expected to close by end of 1Q15.
BMG employs over 100 highly skilled people in their 50,000+ square foot facility in Audubon, PA. (Source: Globus Medical, Inc.
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