M&A Deal Summary

Symmetry Surgical Acquires Bovie Medical - Bovie Brand

On July 9, 2018, Symmetry Surgical acquired medical products company Bovie Medical - Bovie Brand from Apyx for 97M USD

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

M&A Deal Summary
Date 2018-07-09
Target Bovie Medical - Bovie Brand
Sector Medical Products
Buyer(s) Symmetry Surgical
Sellers(s) Apyx
Deal Type Divestiture
Deal Value 97M USD

Target

Bovie Medical - Bovie Brand

Clearwater, Florida, United States
Bovie Medical Corp. - Bovie Brand develops, manufactures and markets a range of generators, electrodes, cauteries and accessories that are used daily in doctors' offices, surgery centers and hospitals.

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Buyer(S) 1

Buyer

Symmetry Surgical

Nashville, Tennessee, United States

website

Category Company
Founded 1976
Sector Medical Products
Employees179
Revenue 85M USD (2016)
DESCRIPTION

Symmetry Surgical is a developer of high-quality surgical instruments that respond to clinicians’ needs as they arise, making a real difference in the lives of patients. Symmetry Surgical was founded in 1976 and is based in Nashville, Tennessee.

DEAL STATS #
Overall 2 of 3
Sector (Medical Products) 2 of 3
Type (Divestiture) 1 of 1
State (Florida) 1 of 1
Country (United States) 2 of 2
Year (2018) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-28 Vesocclude Medical

Raleigh, North Carolina, United States

Vesocclude Medical LLC is a medical device company specializing in advanced development of ligation products. Vesocclude's ligation clips and appliers are used in surgical procedures to close tubal anatomic structures such as blood vessels or ducts.

Buy $4M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-08 The O.R. Company

Carrum Downs, Australia

The O.R. Company is a developer, manufacturer, and marketer high quality, innovative surgical devices from niche consumables to proprietary surgical instruments for minimally invasive and open surgery. The O.R. Company is based in Carrum Downs, Australia.

Buy -

Seller(S) 1

SELLER

Apyx

Clearwater, Florida, United States

website

Category Company
Founded 1982
Sector Medical Products
Employees276
Revenue 45M USD (2022)
DESCRIPTION

Apyx is a maker of medical devices and supplies as well as the developer of J-Plasma®, a patented new plasma-based surgical product that is a transformational tool for surgeons. Apyx was founded in 1982 and is headquartered in Clearwater, Florida.

DEAL STATS #
Overall 1 of 1
Sector (Medical Products) 1 of 1
Type (Divestiture) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
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