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Dealflow is very strong, and we believe that we are still the best partner in the industry. For fiscal 2025, we will have increased capital expenditures due to a higher number of organic new store openings and supply chain investments, and as a result, higher depreciation and amortization. And Eric, welcome back.
I have known Ramesh for a number of years, and he is familiar with our business through previous consulting work. We continue to experience healthy dealflow, which helped offset the margin impact of our system integration, which we estimate was approximately 130 basis points in the quarter. Gross profit increased 6.3%
In terms of future harvesting, the third quarter marked the highest amount of overall fund depreciation in three years. And then, there is some initiative-driven consulting spend and some other items. The relationships we have there, that dealflow is very helpful to our credit business as well.
On a pro forma basis, NuVasive gross profit of 58% in September 2023 compared to 62% in the prior year month reflected primarily of higher depreciation expenses and operational spending. Thanks for taking the question and congrats on the dealflows. NuVasive adjusted gross profit was $59.4 million or 58% in the quarter.
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