CHP Merger Acquiring Accelus, Developer of Minimally Invasive Spine Surgery in $482M Deal

Integrity Implantsd/b/a Accelus and CHP Merger today announced a definitive business combination agreement that gives the merged companies an enterprise value of $482 million.

If approved, the business combination is expected to be completed in early 2022.

Funding will come from $300 million held in the SPAC’s trust, as well as $414 million in Acdelus rollover equity, according to a slide deck filed today (p. 34) in an 8-K.

Based in Palm Beach Gardens, Florida, and established through the combination of Integrity Implants Inc. and Fusion Robotics, LLC, Accelus is a commercial stage medical technology company with a mission to accelerate the adoption of minimally invasive surgery. Read more.

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