Kyphon Closes Acquisition of St. Francis Medical Technologies

Kyphon Inc. (Nasdaq: KYPH) today announced that it has closed the acquisition of St. Francis Medical Technologies, Inc. ("St. Francis"), a privately held, California-based company that manufactures the X-STOP^® Interspinous Process Decompression (IPD^®) System, the first FDA-approved interspinous process device for treating lumbar spinal stenosis.

The transaction broadens Kyphon's focus in minimally invasive spine by adding the X-STOP^® technology platform to its existing KyphX^® Balloon Kyphoplasty technologies for repairing vertebral compression fractures and its recently launched Functional Anaesthetic Discography^TM procedure for diagnosing the source of low back pain. Read More