NuVasive buys spine implant manufacturer ANC
NuVasive buys spinal implant supplier ANC for $4.5M as it expands manufacturing operations
SAN DIEGO (AP) -- Medical device maker NuVasive Inc. said Monday it acquired ANC LLC, one of the key suppliers of its spinal implants, for $4.5 million.
NuVasive said the companies have worked together since May 2010. NuVasive wants to handle more of its own manufacturing so it can improve its profitability. It said the acquisition won't affect its net income in 2013.
ANC, based in Dayton, Ohio, employs 65 workers. Its name will be changed to NuVasive Manufacturing LLC. Shares of NuVasive lost 9 cents to $22.33 in morning trading.
