CARLSBAD, Calif., Oct. 22, 2012 (GLOBE NEWSWIRE) -- Alphatec Holdings, Inc. (Nasdaq:ATEC), the parent company of Alphatec Spine, Inc., announced today a conference call and live webcast, scheduled for today at 1:30 p.m. Pacific Time / 4:30 p.m. Eastern Time, to provide a business update in advance of the Company's attendance at the upcoming NASS meeting to be held on October 24 th – 26 th, 2012 in Dallas, Texas. Conference call and webcast details for today are as follows:
Conference call: (ID# 48352833) - (877) 556-5251 for domestic callers and (720) 545-0036 for international callers. Live webcast: Alphatec Spine website at www.AlphatecSpine.com , Investor Relations section. The webcast will be recorded and will remain available on Alphatec Spine's website for at least 30 days.On today's conference call, the Company will provide an update on the following business topics:
- Third quarter 2012 revenue is approximately $46.8 million, or $47.8 million on a constant currency basis, compared to $47.6 million reported in the third quarter of 2011. Total U.S. revenue is $31.0 million, driven by continued strong contributions from the Company's Biologics business. International revenue is approximately $15.9 million, or $16.8 million on a constant currency basis, compared to $14.9 million reported in the third quarter of 2011, reflecting continued strong growth in Japan.
- The acquisition of certain assets of Phygen, LLC is nearing completion. The required number of Phygen's members have voted in favor of the transaction and both Phygen and Alphatec Spine have signed the Asset Purchase Agreement. Alphatec Spine anticipates closing the acquisition in the next few weeks.