M&A Deal Summary

Accriva Diagnostics Acquires Accumetrics

On August 30, 2013, Accriva Diagnostics acquired medical products company Accumetrics from Telegraph Hill Partners

Acquisition Highlights
  • This is Accriva Diagnostics’ 1st transaction in the Medical Products sector.
  • This is Accriva Diagnostics’ 2nd transaction in the United States.
  • This is Accriva Diagnostics’ 2nd transaction in California.

M&A Deal Summary

Date 2013-08-30
Target Accumetrics
Sector Medical Products
Buyer(s) Accriva Diagnostics
Sellers(s) Telegraph Hill Partners
Deal Type Divestiture
Advisor(s) Jefferies (Financial)
Cooley (Legal)

Target

Accumetrics

San Diego, California, United States
Accumetrics, Inc. is a developer and manufacturer of point of care diagnostics in the cardiovascular and neurovascular disease areas. Accumetrics was formed in 1996 and is based in San Diego, California.

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Buyer(S) 1

Buyer

Accriva Diagnostics

San Diego, California, United States

Category Company
Sector Test/Measurement Equipment
DESCRIPTION

Accriva Diagnostics is a leader in hemostasis management and POC testing. Accriva develops, manufactures, and markets: Hemochron® and ProTime® POC coagulation systems; IRMA TruPoint® Blood Gas and Electrolyte systems; Avoximeter® CO-Oximetry systems; and Tenderfoot®, Tenderlett® and Surgicutt® skin incision products.


DEAL STATS #
Overall 2 of 2
Sector: Medical Products M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-15 Nexus Dx

San Diego, California, United States

Nexus Dx is a global provider of Near Patient Testing systems and advanced diagnostic solutions. The company is improving patient care by providing the medical community with rapid and reliable information at the point of care (POC), delivering patient information when and where it is needed most.

Sell -

Seller(S) 1

SELLER

Telegraph Hill Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 2001
Size Middle-Market
Type Sector Focused
DESCRIPTION

Telegraph Hill Partners is a specialist private equity firm focused on investing in later-stage life science, medical device, and healthcare companies. Prospective companies should be at or near profitability and demonstrate success. Other areas of interest within the healthcare sector include life science technologies, chemistry/reagent suppliers, and information management. Telegraph Hill Partners was formed in 2001 and is based in San Francisco, California.


DEAL STATS #
Overall 12 of 29
Sector: Medical Products M&A 5 of 14
Type: Divestiture M&A Deals 1 of 1
State: California M&A 9 of 18
Country: United States M&A 12 of 28
Year: 2013 M&A 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-04 Althea Technologies

San Diego, California, United States

Althea Technologies, Inc. is a provider of contract manufacturing and services to the pharmaceutical and biotechnology industry.

Sell $175M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-08 LDR Holding

Austin, Texas, United States

LDR Holding Corp. is a medical device company focused on designing and commercializing novel and proprietary surgical technologies for the treatment of patients suffering from spine disorders.

Sell -