Enovis Corporation Acquires LimaCorporate
Stockholm-based private equity firm, EQT AB, announced on September 25 that it was selling LimaCorporate to Enovis Corporation. LimaCorporate is a global orthopedic implant manufacturer with a reputation for innovation, reflected in its industry leading know-how in additive manufacturing, such as its proprietary Trabecular Titanium technology. The company focuses on shoulder, knee and hip prostheses with a portfolio that includes one of the first modular shoulder systems in the world, the SMR, the Delta hip cup family and the Physica system knee. According to its financial report, it generated revenue of more than $263.75 million in 2022. Enovis Corporation is a... Read More »
Laborie Medical Technologies Acquires Urotronic
Portsmouth, New Hampshire-based Laborie Medical Technologies, Inc. (LMT) signed a definitive agreement on September 6 to acquire Urotronic, Inc. According to data captured in the LevinPro HC database, this transaction marks the 76th Medical Devices acquisition of 2023. Under the terms of the agreement, the transaction consists of an upfront cash payment of $255 million, and up to an additional $345 million in potential commercial and reimbursement milestone payments. Urotronic is a Plymouth, Minnesota-based medical device company pioneering the application of its Optilume® drug-coated balloon technology for use in interventional urology including treating urethral strictures... Read More »
SANUWAVE Health Merges with SPAC SEP Acquisition Corp.
SANUWAVE Health Inc. has entered into a definitive merger agreement with SEP Acquisition Corp. Upon completion of the proposed transaction, the combined company is expected to operate under the SANUWAVE name and trade on the NASDAQ Capital Market under the symbol “SNWV”. SANUWAVE Health is commercial stage medical device company. It has two FDA approved products and its lead product, UltraMIST®, has nationwide schedule 1 reimbursement from CMS. According to its FY 2022 financial report, SANUWAVE had FY 2022 revenues of $16.7 million. SEP Acquisition Corp. is a Houston-based special purpose acquisition company (SPAC) affiliated with Sweat Equity Partners and Mercury Life... Read More »
Teleflex Incorporated Acquires Palette Life Sciences for $600 Million
Teleflex Incorporated announced on July 26 that it acquired Palette Life Sciences AB for $600 million and up to an additional $50 million upon the achievement of certain commercial milestones. Palette Life Sciences is a fully integrated medical device company providing a wide range of products and services. Its portfolio of products focuses on treating conditions in urology/urogynecology disorders, colorectal conditions, radiotherapy and interventional oncology procedures. Headquartered in Stockholm, Sweden, the company operates offices in California, Texas, Australia and Japan. Palette Life Sciences is estimated to generate net sales of approximately $56 million, on a standalone basis, in... Read More »
PE-Backed Vantage Surgical Solutions Acquires Ophthalmic Surgical Solutions
Vantage Surgical Solutions, a portfolio company of private equity firm Pharos Capital Group, announced its acquisition of Ophthalmic Surgical Solutions (OSS). According to data captured in the LevinPro HC database, this transaction represents the 68th Medical Devices transaction of 2023. Founded in 2015, OSS is a Lecompton, Kansas-based company specializing in ophthalmic surgical equipment and services. Vantage Surgical Solutions is a leading provider of mobilized surgical solutions. Vantage has been equipping facilities for specialty surgical services since 1991, with customers in 23 states. The company currently delivers cataract surgery equipment, IOLs, instrumentation, disposables,... Read More »Schedule a demo
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