Ellipse Technologies Acquired by NuVasive for $380 Million Cash

(Renaissance Capital's research analysts) Ellipse Technologies, which is developing magnetically adjustable implant systems for orthopedic surgery, announced that it has agreed to be acquired by NuVasive (Nasdaq: NUVA) for $380 million in cash.

The Aliso Viejo, CA-based company was founded in 2005 and had planned to list on the Nasdaq under the symbol MGEC. Piper Jaffray, William Blair and Canaccord Genuity were set to be the joint bookrunners on the deal.

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