Tuesday, June 27, 2023
Zavation Medical Products, LLC (Zavation), a company specializing in spinal implant, interventional spine, and biologics products and a portfolio company of Gemspring Capital, has completed the acquisition of CoreLink, LLC (CoreLink). CoreLink, a leading provider of spinal implant and instrumentation systems, was previously owned by The Stephens Group, LLC. This strategic merger brings together two industry leaders with a shared commitment to engineering innovative spinal solutions and enhancing patient quality of life. Zavation and CoreLink will maintain their respective brands, and the combined company will be led by Zavation CEO Jeffrey Johnson. Jay Bartling, former CEO of CoreLink, will assume the role of Chairman of the Board of Directors. The financial terms of the transaction have not been disclosed.
CoreLink has established itself as a reputable provider of advanced devices and instrumentation for spinal surgery, including a focus on lateral spine procedures. Their proprietary Mimetic Metal® technology, developed through in-house additive manufacturing techniques, has contributed to improved patient outcomes. CoreLink has also invested significantly in medical education, including the establishment of a state-of-the-art Bioskills facility in St. Louis, Missouri, to meet the evolving needs of surgeons.
The combination of Zavation and CoreLink brings together complementary product portfolios in the fields of spine and interventional pain management. With a broad geographic presence and a customer base encompassing in-patient and outpatient care, the merged company creates a platform for growth. The experienced management team is well-positioned to capitalize on synergies, invest in innovative technologies, and deliver enhanced customer service to surgeons and distribution partners.
Jeffrey Johnson expressed his enthusiasm for joining forces with CoreLink and highlighted the shared values and customer-centric cultures of the two companies. The focus remains on delivering high-quality spinal solutions and collaborating closely with distributor partners to make a positive impact on patients' lives. Jay Bartling shared his confidence in the acquisition, emphasizing the continued execution of CoreLink's mission and the ability to better serve surgeon partners.
Gemspring Capital's Don Gerne emphasized the transformative nature of the merger, enabling the combined entity to offer an expanded product suite and enhanced capabilities to meet the needs of customers and partners nationwide. The goal is to establish the company as a preferred partner for best-in-class spinal surgical solutions, fostering long-term growth and success.