Tuesday, July 28, 2015

Globus seeks IPO

Spinal device maker claims $60M profits on $330M/year sales

Globus seeks IPO

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Audubon, Montgomery County-based Globus Medical, which claimed $60 million in profits last year from sales of spinal-repair devices worth $330 million, has filed for an initial public stock offering, read its SEC prospectus here.

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PhillyDeals posts drafts, transcripts and updates of Joseph N. DiStefano's columns and stories about Philly-area business, which he's been writing since 1989.

DiStefano studied economics, history and a little engineering at Penn and taught writing at St. Joseph's. He has written thousands of columns and articles for the Inquirer, Bloomberg and other media, wrote the book Comcasted, and raised six children with his wife, who is a saint.

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Reach Joseph N. at JoeD@phillynews.com or 215 854 5194.

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