SurModics - M&A Summary, Ownership, and Business Overview

Medical ProductsCompany

SurModics M&A Summary

SurModics has acquired 6 companies of its own, including 1 in the last 5 years. It has also divested 1 asset.

SurModics’ largest acquisition to date was in 2007, when it acquired Surmodics Pharmaceuticals for $40M. It’s largest disclosed sale occurred in 2011, when it sold Surmodics Pharmaceuticals to Evonik Industries AG for $30M. SurModics has acquired in 3 different US states, and 2 countries. The Company’s most targeted sectors include life science (50%) and medical products (50%).

SurModics Ownership

Who owns SurModics?

SurModics is owned by GTCR. It was acquired on May 29, 2024.

Is SurModics PE-backed?

Yes. SurModics is owned by private equity investor GTCR.

SurModics Business Overview

Where is SurModics headquartered?

SurModics is headquartered in Eden Prairie, Minnesota.

What is SurModics’ revenue?

SurModics disclosed revenue of 133M USD for 2023 and 100M USD for 2022.

What sector is SurModics in?

SurModics is a medical products company.

When was SurModics founded?

SurModics was founded in 1979.

M&A Summary

  • M&A Total Activity7
    • M&A Buy Activity6
    • M&A Sell Activity1
  • Total Sectors Invested 2
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 2

SurModics

SurModics, Inc.

9924 West 74th Street,
Eden Prairie, Minnesota 55344
United States,
(952) 500-7000
www.surmodics.com

SurModics provides surface modification coating technologies and in vitro diagnostic (IVD) products to the healthcare industry. Its two core businesses include: Medical Device Coatings – lubricious hydrophilic coatings, hemocompatible hydrophilic coatings, and advanced drug delivery systems; and In Vitro Diagnostics (IVD) – immunoassay reagents that improve the performance of in vitro diagnostic tests as well as custom coatings and stabilization products for Molecular Diagnostic applications. Surmodics was founded in 1979 and is based in Eden Prairie, Minnesota.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 5 - 1 - - - 6
vol $99M $40M $139M
Sell (0.0/yr) # 1 - - - - - 1
vol $30M $30M
  7

Most Recent M&A

Company Date Value Type
Vetex Medical Ltd. 2021-07-06 40M USD Add-on Acquisition
Galway, Ireland · www.vetexmedical.com
NorMedix, Inc. 2016-01-11 14M USD Add-on Acquisition
Plymouth, Minnesota · www.normedix.com
Creagh Medical Ltd. 2015-11-20 34M EUR Add-on Acquisition
Ballinasloe, Ireland · www.creaghmedical.com
Surmodics Pharmaceuticals, Inc. 2011-11-02 30M USD Divestiture
Birmingham, Alabama
SurModics IVD, Inc. 2007-08-14 - Add-on Acquisition
Eden Prairie, Minnesota
BioFX Laboratories, Inc. 2007-08-13 11M USD Add-on Acquisition
Owings Mills, Maryland
Surmodics Pharmaceuticals, Inc. 2007-08-01 40M USD Divestiture
Birmingham, Alabama
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Life Science 3 (50%) 91M (66%) 1 (100%) 30M (100%)
Medical Products 3 (50%) 48M (34%) - -
Total 6 $139M 1 $30M

By Geo

State/Country Buy Value Sell Value
United States 4 65M 1 30M
  Minnesota 2 14M - -
  Alabama 1 40M 1 30M
  Maryland 1 11M - -
Ireland 2 74M - -
Domestic 4 (67%) 65M (47%) 1 (100%) 30M (100%)
Cross-border 2 (33%) 74M (53%) - -
Total 6 $139M 1 $30M

Deal Values

buy # Total
< $100M 5 $139M
TOTAL $139M
Largest Surmodics Pharmaceuticals, Inc.
$40M (2007-08-01)
sell # Total
< $100M 1 $30M
TOTAL $30M
Largest Surmodics Pharmaceuticals, Inc.
$30M (2011-11-02)

M&A Connections

Deals
Acquired from
Strategic(s)
17%
1 (17%)
Divested to
Strategic(s)
100%
1 (100%)

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