Alphatec cancels $122m acquisition of EOS Imaging

On February 28th, Alphatec Holdings, a California-based provider of spine surgery devices, agreed to acquire EOS Imaging, which develops imaging software for the medical industry. The cash-and-stock deal was expected to be worth $122 million to EOS shareholders. Subsequently on April 28th, Alphatec announced the termination of the original agreement. The company references the ongoing impact of the Coronavirus pandemic as a material factor behind the cancellation, although the company intends to explore other strategic collaborations with EOS.