K2M Group Holdings, Inc. (NASDAQ:KTWO) (the "Company" or "K2M"), a
global leader of complex spine and minimally invasive solutions
focused on achieving three-dimensional Total Body Balance™, today
announced at the Scoliosis Research Society 53rd Annual Meeting
& Course, in Bologna, Italy a U.S. Food and Drug Administration
(FDA) 510(k) clearance that also provides for the Dual Differential
Correction (DDC™) Philosophy & Technique. The DDC philosophy
combines rod rigidity and degree of bend with the MESA® Platform
Technology, to help achieve quality outcomes in patients with
sagittal imbalance. In addition, MESA can be used with the BACS®
Patient-Specific Rods to help surgeons create pre-contoured rods,
rails, and templates that match the surgeon’s preoperative plan.
Todd Ritzman, MD, Akron Children’s Hospital, explained, “Given
the growing recognition of the importance of sagittal plane
correction in idiopathic scoliosis, it is a valuable aid to
objectively determine rod contour based off of a given patient’s
pelvic incidence to help optimize surgical correction in the
sagittal plane. The days of ‘eyeballing’ the rod contour are
over.”
K2M’s MESA Platform Technology features top-loading and
low-profile screws and Zero-Torque Technology® that one-step locks
without applying torsional stress to the spine. The MESA Platform
includes the MESA 2 Deformity Spinal System, a state-of-the-art
solution for the most difficult correction maneuvers in complex
spine surgery.
K2M manufactures BACS Patient-Specific Rods and Rails using a
machine rolling method, replacing the manual three-point bending
method that often reduces rod fatigue strength. By incorporating
data from BACS Surgical Planner—part of K2M’s comprehensive BACS
Digital Platform— rods and rails can be manufactured with complex
multi-contoured designs. BACS Patient-Specific Rods and Rails can
be used with the MESA, EVEREST®, and DENALI® Spinal Systems.
BACS provides solutions focused on achieving balance of the
spine by addressing each anatomical vertebral segment with a
360-degree approach to the axial, coronal, and sagittal planes,
emphasizing Total Body Balance as an important component of
surgical success.
K2M to Appear at SRS 2018
At the meeting, K2M executives will be onsite to discuss the
Company’s differentiated spinal solutions, including its MESA
Platform Technology, 3D-printed devices featuring Lamellar 3D
Titanium Technology™, and comprehensive Balance ACS® (BACS)
Platform.
“K2M is a proud Double Diamond Sponsor of SRS 2018,” said John
P. Kostuik, MD, Chief Medical Officer, Co-founder, and Member of
the Board of Directors at K2M, and Past President of the SRS. “This
year, we are excited to build upon our culture of innovation by
showcasing our leading spinal solutions, most notably our Dual
Differential Correction Philosophy & Technique—used in
conjunction with our world-class MESA Platform Technology and
Balance ACS Platform—so surgeons can correct complex spinal
deformities across all three anatomical planes and help eliminate
the need for further derotation maneuvers.”
For more information on K2M and Balance ACS, visit www.K2M.com
and www.BACS.com.
About K2M
K2M Group Holdings, Inc. is a global leader of complex spine and
minimally invasive solutions focused on achieving three-dimensional
Total Body Balance. Since its inception, K2M has designed,
developed, and commercialized innovative complex spine and
minimally invasive spine technologies and techniques used by spine
surgeons to treat some of the most complicated spinal pathologies.
K2M has leveraged these core competencies into Balance ACS, a
platform of products, services, and research to help surgeons
achieve three-dimensional spinal balance across the axial, coronal,
and sagittal planes, with the goal of supporting the full continuum
of care to facilitate quality patient outcomes. The Balance ACS
platform, in combination with the Company’s technologies,
techniques and leadership in the 3D-printing of spinal devices,
enable K2M to compete favorably in the global spinal surgery
market. For more information, visit www.K2M.com and connect with us
on Facebook, Twitter, Instagram, LinkedIn and YouTube.
Forward-Looking Statements
The foregoing contains “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of
1995. We intend for these forward-looking statements to be
covered by the safe harbor provisions of the federal securities
laws relating to forward-looking statements. These
forward-looking statements include statements relating to the
expected timing, completion and effects of the proposed merger, as
well as other statements representing management’s beliefs about,
future events, transactions, strategies, operations and financial
results, including, without limitation, our expectations with
respect to the costs and other anticipated financial impacts of the
merger; future financial and operating results of K2M Group
Holdings, Inc. (“K2M”); K2M’s plans, objectives, expectations and
intentions with respect to future operations and services; required
approvals to complete the merger by our stockholders and by
governmental regulatory authorities, and the timing and conditions
for such approvals; the stock price of K2M prior to the
consummation of the transactions; and the satisfaction of the
closing conditions to the proposed merger. Such
forward-looking statements often contain words such as “assume,”
“will,” “anticipate,” “believe,” “predict,” “project,” “potential,”
“contemplate,” “plan,” “forecast,” “estimate,” “expect,” “intend,”
“is targeting,” “may,” “should,” “would,” “could,” “goal,” “seek,”
“hope,” “aim,” “continue” and other similar words or expressions or
the negative thereof or other variations thereon.
Forward-looking statements are made based upon management’s current
expectations and beliefs and are not guarantees of future
performance. Such forward-looking statements involve numerous
assumptions, risks and uncertainties that may cause actual results
to differ materially from those expressed or implied in any such
statements. Our actual business, financial condition or
results of operations may differ materially from those suggested by
forward-looking statements as a result of risks and uncertainties
which include, among others, those risks and uncertainties
described in any of our filings with the Securities and Exchange
Commission (the “SEC”). Certain other factors which may
impact our business, financial condition or results of operations
or which may cause actual results to differ from such
forward-looking statements are discussed or included in our
periodic reports filed with the SEC and are available on our
website at www.K2M.com under “Investor Relations.” You are urged to
carefully consider all such factors. Although it is believed
that the expectations reflected in such forward-looking statements
are reasonable and are expressed in good faith, such expectations
may not prove to be correct and persons reading this communication
are therefore cautioned not to place undue reliance on these
forward-looking statements which speak only to expectations as of
the date of this communication. We do not undertake or plan
to update or revise forward-looking statements to reflect actual
results, changes in plans, assumptions, estimates or projections,
or other circumstances occurring after the date of this
communication, even if such results, changes or circumstances make
it clear that any forward-looking information will not be
realized. If we make any future public statements or
disclosures which modify or impact any of the forward-looking
statements contained in or accompanying this communication, such
statements or disclosures will be deemed to modify or supersede
such statements in this communication.
Additional Information and Where to Find It
This communication does not constitute an offer to buy or sell
or the solicitation of an offer to buy or sell any securities or a
solicitation of any vote or approval. In connection with this
proposed acquisition, K2M has filed a definitive proxy statement
and has filed or may file other documents with the SEC. This
communication is not a substitute for any proxy statement or other
document K2M has filed or may file with the SEC in connection with
the proposed transaction. INVESTORS AND SECURITY HOLDERS OF
K2M ARE URGED TO READ THE PROXY STATEMENT AND OTHER DOCUMENTS THAT
HAVE BEEN (OR MAY BE) FILED WITH THE SEC CAREFULLY AND IN THEIR
ENTIRETY BECAUSE THEY CONTAIN IMPORTANT INFORMATION. The
definitive proxy statement will be mailed to stockholders of
K2M. Investors and security holders may obtain free copies of
these documents and other documents filed with the SEC by K2M
through the website maintained by the SEC at www.sec.gov.
Copies of the documents filed with the SEC by K2M will be available
free of charge on K2M’s internet website at www.K2M.com or upon
written request to: Secretary, K2M Group Holdings, Inc., 600 Hope
Parkway, SE, Leesburg, Virginia 20175, or by telephone at (703)
777-3155.
Participants in Solicitation
K2M, its directors and certain of its executive officers may be
considered participants in the solicitation of proxies in
connection with the proposed transaction. Information
regarding the persons who may, under the rules of the SEC, be
deemed participants in such solicitation in connection with the
proposed merger will be set forth in the definitive proxy statement
filed with the SEC on October 5, 2018. Information about the
directors and executive officers of K2M is set forth in its Annual
Report on Form 10-K for the fiscal year ended December 31, 2017,
which was filed with the SEC on March 1, 2018, its proxy statement
for its 2018 annual meeting of stockholders, which was filed with
the SEC on April 20, 2018, its Quarterly Reports on Form 10-Q for
the quarterly periods ended March 31, 2018 and June 30, 2018, which
were filed with the SEC on May 2, 2018 and August 2, 2018,
respectively, and its Current Reports on Form 8-K or Form 8-K/A,
which were filed with the SEC on January 8, 2018, January 9, 2018,
February 28, 2018, March 29, 2018, May 1, 2018, June 11, 2018, June
14, 2018, June 18, 2018, August 1, 2018, August 30, 2018, and
October 5, 2018.
These documents can be obtained free of charge from the sources
indicated above. Additional information regarding the
participants in the proxy solicitation and a description of their
direct and indirect interests, by security holdings or otherwise,
is contained in the definitive proxy statement and other relevant
materials filed with the SEC.
K2M Group Holdings, Inc.600 Hope Parkway,
SELeesburg, Virginia 20175Tel. (703) 777-3155www.K2M.com
Media Contact: Zeno Group on
behalf of K2M Group Holdings, Inc.
Christian Emering, 212-299-8985
Christian.Emering@ZenoGroup.com
Investor
Contact: Westwicke
Partners on behalf of K2M Group Holdings,
Inc. Mike
Piccinino, CFA,
443-213-0500
K2M@westwicke.com
K2M GROUP HOLDINGS, INC. (NASDAQ:KTWO)
Historical Stock Chart
From Sep 2024 to Oct 2024
K2M GROUP HOLDINGS, INC. (NASDAQ:KTWO)
Historical Stock Chart
From Oct 2023 to Oct 2024