AcquisitionNevro Corp announced an agreement to be acquired by GMED for $5.85/share, which represents a 17% premium to its undisturbed closing price.
Financial PerformanceQ4 preliminary results ahead of consensus: NVRO announced that it expects Q4/24 revenue in the range of $105M-$106M, ahead of our $98.6M estimate and the Street’s $100.2M.
SynergiesGMED sees potential revenue synergies by leveraging its position with spine and neurosurgeons to grow the spinal cord stimulation business.