M&A Deal Summary

A&E Medical Acquires RTI Surgical - Cardiothoracic Closure Business

On August 3, 2017, A&E Medical acquired medical products company RTI Surgical - Cardiothoracic Closure Business from Surgalign for 60M USD

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

M&A Deal Summary
Date 2017-08-03
Target RTI Surgical - Cardiothoracic Closure Business
Sector Medical Products
Buyer(s) A&E Medical
Sellers(s) Surgalign
Deal Type Divestiture
Deal Value 60M USD

Target

RTI Surgical - Cardiothoracic Closure Business

Alachua, Florida, United States
RTI Surgical, Inc. - Cardiothoracic Closure Business engages in manufacturing of products and the engineering, development and manufacturing of potential future products. The cardiothoracic closure business was one of several components of Pioneer® Surgical Technology.

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Buyer(S) 1

Buyer

A&E Medical

Farmingdale, New Jersey, United States
Category Company
Founded 1968
Sector Medical Products
DESCRIPTION

A&E Medical Corp. is a designer and manufacturer of a high strength sternum closure system along with a wide variety of temporary cardiac pacing wires and extension leads, stainless steel sutures, surgical punches, electrosurgical instruments, and neurosurgical scalp clips. A&E Medical was founded in 1968 and is based in Farmingdale, New Jersey.

DEAL STATS #
Overall 2 of 2
Sector (Medical Products) 2 of 2
Type (Divestiture) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-14 Medical Concepts Europe

Gemert, Netherlands

Medical Concepts Europe is a provider of bi-polar, quad-polar and mono-polar temporary pacing wires and single-use patient extension cables specifically for cardio-thoracic surgeries.

Buy -

Seller(S) 1

SELLER

Surgalign

Deerfield, Illinois, United States
Category Company
Founded 1997
Sector Medical Products
Employees200
Revenue 102M USD (2020)
DESCRIPTION

Surgalign is a medical technology company focused on advancing spine surgery including through the application of digital technologies to improve patient outcomes. The company is building off a legacy of high quality and differentiated products and continues to invest in clinically validated innovation to deliver better surgical outcomes and improve patient’s lives. Surgalign markets products throughout the United States and in more than 50 countries worldwide through an expanding network of top independent distributors. Surgalign was formed in 1997 and is based in Deerfield, Illinois.

DEAL STATS #
Overall 1 of 4
Sector (Medical Products) 1 of 4
Type (Divestiture) 1 of 3
State (Florida) 1 of 2
Country (United States) 1 of 4
Year (2017) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-16 Pioneer Surgical Technology

Marquette, Michigan, United States

Pioneer Surgical Technology is a manufacturer and marketer of spinal and orthopedic implants and instruments for customers internationally. Pioneer Surgical Technology was founded in 1992 and is based in Marquette, Michigan.

Buy $130M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-04 Zyga Technology

Minnetonk, Minnesota, United States

Zyga Technology, Inc. is a spine-focused medical device company that develops and produces innovative minimally invasive devices to treat underserved conditions of the lumbar spine. Zyga Technology was founded in 2008 and is based in Minnetonk, Minnesota.

Buy -
Mergr

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