M&A Deal Summary

STRATA Acquires Ra Medical - Pharos Dermatology Business

On August 16, 2021, STRATA acquired medical products company Ra Medical - Pharos Dermatology Business from Ra Medical for 4M USD

Acquisition Highlights
  • This is STRATA’s 1st transaction in the Medical Products sector.
  • This is STRATA’s 2nd largest (disclosed) transaction.
  • This is STRATA’s 2nd transaction in the United States.
  • This is STRATA’s 1st transaction in California.

M&A Deal Summary
Date 2021-08-16
Target Ra Medical - Pharos Dermatology Business
Sector Medical Products
Buyer(s) STRATA
Sellers(s) Ra Medical
Deal Type Divestiture
Deal Value 4M USD

Target

Ra Medical - Pharos Dermatology Business

Carlsbad, California, United States
Ra Medical’s Pharos Dermatology Business is FDA-cleared and used as a tool in the treatment of chronic skin diseases, including psoriasis, vitiligo, atopic dermatitis, and leukoderma.

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Buyer(S) 1

Buyer

STRATA

Horsham, Pennsylvania, United States

website

Category Company
Founded 1989
Sector Medical Products
Employees109
Revenue 23M USD (2020)
DESCRIPTION

Strata is a designer and manufacturer of innovative software-driven medical technologies for physician clinical use during the detection of skin cancers at the most curable and cost-effective stages. STRATA was founded in 1989 and is based in Horsham, Pennsylvania.

DEAL STATS #
Overall 2 of 2
Sector (Medical Products) 1 of 1
Type (Divestiture) 2 of 2
State (California) 1 of 1
Country (United States) 2 of 2
Year (2021) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-23 PhotoMedex - XTRAC and VTRAC Dermatology Business

United States

Buy $43M

Seller(S) 1

SELLER

Ra Medical

Carlsbad, California, United States

website

Category Company
Founded 2002
Sector Medical Products
Employees86
Revenue 4M USD (2020)
DESCRIPTION

Ra Medical design, develop, and commercialize excimer lasers as tools for the treatment of vascular and dermatological diseases. Ra Medical was incorporated in 2002 and is headquartered in Carlsbad, California.

DEAL STATS #
Overall 1 of 1
Sector (Medical Products) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-12 Catheter Precision

Mt. Olive, New Jersey, United States

Catheter Precision is a medical device company focused on one of healthcare’s largest multi-billion dollar markets Cardiac Electrophysiology. Catheter Precision has developed two cost-effective, user-friendly, and advanced technologies to improve the treatment of cardiac arrhythmias. Catheter Precision was founded in 2016 and is based in Mt. Olive, New Jersey.

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