04:57 PM EDT, 05/15/2025 (MT Newswires) -- Globus Medical ( GMED ) said Thursday its board has authorized a share buyback program of up to $500 million.

The timing and number of shares to be repurchased will be determined by the company's management and will depend on factors like market price of the shares, market conditions, and others, Globus said.

The company's shares were rising 3.8% in recent after-hours activity.