Alphatec Holdings, Inc. (Nasdaq:ATEC), the parent company of Alphatec Spine, Inc., a medical device company that designs, develops, manufactures and markets products for the surgical treatment of spine disorders, with a focus on treating conditions related to the aging spine, today announced that it has successfully completed a private placement of $10 million of shares of its common stock to one of its existing shareholders, HealthpointCapital Partners II, L.P. Pursuant to the purchase agreement governing the offering, the price per share for the common stock was $2.54, which is the higher of (i) the average closing share price for the Company’s common stock on the Nasdaq National Market for prior four most recently completed trading days prior to the date the agreement was executed, and (ii) the closing share bid price for the Company’s common stock on the Nasdaq National Market on the date that the agreement was executed. Alphatec plans to use the net proceeds of the private placement for general working capital purposes. The net proceeds to the Company pursuant to the offering are expected to be approximately $9.9 million. Thomas Weisel Partners acted as sole placement agent in connection with this transaction.

The shares of common stock sold in the offering have not yet been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent a registration statement or exemption from registration. The closing of this private placement is expected to occur on or about June 22, 2009, subject to customary closing conditions.

“The proceeds from this private placement strengthen our overall financial position and enables us to focus on execution,” said Dirk Kuyper, the Company’s President and Chief Executive Officer. “We evaluated a number of alternatives and are pleased that HealthpointCapital’s ongoing support and confidence in the business has enabled up to complete this financing, providing Alphatec Spine with the highest amount of net cash proceeds with the least dilution to our shareholders as compared to other financing alternatives available in the current capital market environment.”

About Alphatec Spine

Alphatec Spine, Inc. is a wholly owned subsidiary of Alphatec Holdings, Inc. (Nasdaq:ATEC). Alphatec Spine is a medical device company that designs, develops, manufactures and markets products for the surgical treatment of spine disorders, primarily focused on the aging spine.