Alphatec cancels EOS Imaging acquisition

By staff writers

April 27, 2020 -- Medical device company Alphatec Holdings (ATEC) has canceled its plans to acquire orthopedic digital imaging technology developer EOS Imaging.

The move is a result of Alphatec's assessment of the COVID-19 pandemic's effect on EOS Imaging, EOS said.

"EOS disagrees with Alphatec's analysis and considers that while the COVID-19 pandemic has a short-term impact on EOS, in line with our industry, this crisis does not impact the long-term perspective of the company," it said in a statement issued on 27 April.

The EOS board of directors is exploring "all available options," the company said.

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