Zavation Medical Products, LLC, a portfolio company of Gemspring Capital, announced on June 26 that it has acquired CoreLink, LLC from The Stephens Group, LLC for an undisclosed price. According to data captured in the LevinPro HC database, this transaction marks the 62nd Medical Devices acquisition of 2023.
The combination of Zavation and CoreLink brings together two highly complementary product portfolios across spine and interventional pain management, geographic footprints and customer bases spanning in-patient and outpatient delivery of care.
Zavation and CoreLink will continue to operate under their respective brands and the combined business will be led by Zavation CEO Jeffrey Johnson, while Jay Bartling, CEO of CoreLink, will become Chairman of the Board of Directors. The Stephens Group will maintain a minority stake in the combined entity.
CoreLink is a St. Louis, Missouri-based provider of spinal implant and instrumentation systems. CoreLink, known as The Source for Spine, internally designs and manufactures more than 99% of its broad portfolio of spinal implant systems.
Zavation Medical Products designs, engineers and manufactures a portfolio of spinal hardware and biologics covering key areas including cervical, thoracolumbar, interbody fusion, interventional spine and minimally invasive surgery. Founded in 2012, Zavation operates a newly constructed 75,000-square-foot vertically integrated facility in Flowood, Mississippi.
