Strong Cash Flow and Debt Repayment
Globus Medical achieved a record free cash flow of $141 million in Q1, increasing 493% versus the prior year. The company returned to debt-free status by paying off nearly $900 million in debt inherited from the NuVasive merger.
New Product Launches
In Q1, Globus Medical launched two new products: the Cohere ALIF spacer and the Reline eGPS fixation system, which are expected to drive market penetration and improve patient outcomes.
U.S. Spine Business Growth
U.S. Spine grew 2% in Q1, driven by high retention rates, strong product offerings, and increased cross-selling and implant pull-through from robotic procedures.
Nevro Acquisition
The company completed the acquisition of Nevro for $250 million, expanding its reach into a $3 billion market space and enhancing its technology portfolio.