M&A Deal Summary

BioTelemetry Acquires LifeWatch AG

On April 9, 2017, BioTelemetry acquired information technology company LifeWatch AG for 260M CHF

Acquisition Highlights
  • This is BioTelemetry’s 3rd transaction in the Information Technology sector.
  • This is BioTelemetry’s largest (disclosed) transaction.
  • This is BioTelemetry’s 1st transaction in Switzerland.

M&A Deal Summary
Date 2017-04-09
Target LifeWatch AG
Sector Information Technology
Buyer(s) BioTelemetry
Deal Type Add-on Acquisition
Deal Value 260M CHF
Advisor(s) Lazard Ltd. (Financial)
CMS Legal
Fox Swibel (Legal)

Target

LifeWatch AG

Neuhausen am Rheinfall, Switzerland
website
LifeWatch AG is a healthcare technology and solution company, specializing in advanced digital health systems and wireless remote diagnostic patient monitoring services. LifeWatch’s services provide physicians with critical information to determine appropriate treatment and thereby improve patient outcomes. LifeWatch AG has operative subsidiaries in the United States, in Switzerland, Israel and Turkey, and is the parent company of LifeWatch Services Inc., LifeWatch Technologies, Ltd. and LifeWatch Turkey Holding AG (joint venture). LifeWatch Services, Inc. is a leading U.S.-based provider of cardiac monitoring services. LifeWatch Technologies Ltd., based in Israel, is a leading manufacturer of digital health products. LifeWatch Sağlık Hizmetlerine A.S. is the operative Turkish subsidiary of LifeWatch Turkey Holding AG and provider of mobile cardiac telemetry services in Turkey

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Buyer(S) 1

Buyer

BioTelemetry

Malvern, Pennsylvania, United States

website

Category Company
Founded 1994
Sector Medical Products
Employees1,700
Revenue 439M USD (2019)
DESCRIPTION

BioTelemetry, Inc. is a remote medical technology company provides remote cardiac monitoring, centralized core laboratory services for clinical trials, remote blood glucose monitoring and original equipment manufacturing that serves both healthcare and clinical research customers. BioTelemetry was founded in 1994 and is based in Malvern, Pennsylvania.

DEAL STATS #
Overall 7 of 7
Sector (Information Technology) 3 of 3
Type (Add-on Acquisition) 6 of 6
Country (Switzerland) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-01 Telcare Medical Supply

Concord, Massachusetts, United States

Telcare Medical Supply, Inc. is a cellular-enabled solution that connects everyone who can help you manage your condition: healthcare professionals, clinical services, educational resources, and your network of family and friends. We send you messages and reminders, along with personalized education, and we keep your doctor in the loop with timely updates on your health.

Buy $7M
Mergr

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