M&A Deal Summary

Laborie Medical Technologies Acquires Novonate

On February 14, 2023, Laborie Medical Technologies acquired medical products company Novonate

Acquisition Highlights
  • This is Laborie Medical Technologies’ 13th transaction in the Medical Products sector.
  • This is Laborie Medical Technologies’ 9th transaction in the United States.
  • This is Laborie Medical Technologies’ 2nd transaction in California.

M&A Deal Summary

Date 2023-02-14
Target Novonate
Sector Medical Products
Buyer(s) Laborie Medical Technologies
Deal Type Add-on Acquisition

Target

Novonate

South San Francisco, California, United States
Novonate is a medical device company, that developed LifeBubble after seeing an unserved need in the Neonatal Intensive Care Unit (NICU). Each year in the U.S., more than 200,000 babies require umbilical cord catheters to receive nutrients and medicine1. Novonate was founded in 2017 and is based in South San Francisco, California.

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Buyer(S) 1

Buyer

Laborie Medical Technologies

Portsmouth, New Hampshire, United States

Category Company
Founded 1967
Sector Medical Products
DESCRIPTION

Laborie Medical Technologies is a manufacturer and supplier of pelvic health and gastrointestinal medical equipment and consumables. Since its founding in 1967, Laborie has been committed to delivering innovative, complete solutions that provide better diagnostics and treatment outcomes to patients worldwide. Laborie Medical Technologies was founded in 1967 and is based in Portsmouth, New Hampshire.


DEAL STATS #
Overall 14 of 15
Sector (Medical Products) 13 of 14
Type (Add-on Acquisition) 13 of 14
State (California) 2 of 2
Country (United States) 9 of 10
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-20 GI Supply

Mechanicsburg, Pennsylvania, United States

GI Supply is a provider of specialty endoscopy and paracentesis products for gastroenterologists, colorectal surgeons, and interventional radiologists. GI Supply was founded in 1985 and is based in Mechanicsburg, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-06 Optilume BPH

Plymouth, Minnesota, United States

Optilume BPH is a medical device company pioneering the application of its Optilume® drug-coated balloon technology for use in interventional urology including treating urethral strictures and benign prostatic hyperplasia (BPH). Optilume BPH was founded in 2015 and is based in Plymouth, Minnesota.

Buy $600M