M&A Deal Summary

Acumen Health Holdings Acquires Avenova Eyecare

On September 20, 2024, Acumen Health Holdings acquired medical products company Avenova Eyecare from NovaBay Pharma for 12M USD

Acquisition Highlights
  • This is Acumen Health Holdings’ 2nd transaction in the Medical Products sector.
  • This is Acumen Health Holdings’ largest (disclosed) transaction.
  • This is Acumen Health Holdings’ 3rd transaction in the United States.
  • This is Acumen Health Holdings’ 1st transaction in California.

M&A Deal Summary
Date 2024-09-20
Target Avenova Eyecare
Sector Medical Products
Buyer(s) Acumen Health Holdings
Sellers(s) NovaBay Pharma
Deal Type Divestiture
Deal Value 12M USD

Target

Avenova Eyecare

Emeryville, California, United States
Avenova Eyecare specializes in eye care products, particularly treating and managing conditions like dry eyes and blepharitis. Avenova Eyecare is based in Emeryville, California.

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Buyer(S) 1

Buyer

Acumen Health Holdings

Blue Bell, Pennsylvania, United States
Category Company
Sector Business Services
DESCRIPTION

Acumen Health Holdings owns a portfolio of companies that specialize in providing physicians and veterinarians clinically researched products to recommend and dispense to their patients using Acumen’s proprietary subscription-based platform. Acumen Health Holdings is based in Blue Bell, Pennsylvania.

DEAL STATS #
Overall 3 of 3
Sector (Medical Products) 2 of 2
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 3 of 3
Year (2024) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-17 Eye Love

Columbia, South Carolina, United States

Eye Love is an operator of ocular products companies, with cutting-edge, medical products including lid and lash cleansers, heated eye masks, and a tea tree face wash. Eye Love is based in Columbia, South Carolina.

Buy -

Seller(S) 1

SELLER

NovaBay Pharma

Emeryville, California, United States
Category Company
Founded 2000
Sector Life Science
Employees24
Revenue 15M USD (2023)
DESCRIPTION

NovaBay Pharmax` is a clinical-stage biopharmaceutical company focused on developing its proprietary and patented Aganocide compounds. Aganocides are novel, broad-spectrum, fast-acting, synthetic anti-infectives designed to mimic the body’s defense against infection. They are active against bacteria, fungi and viruses, and are being developed to treat and prevent a wide range of local, non-systemic infections with a low likelihood of developing bacterial resistance. NovaBay Pharmaceuticals was founded in 2000 and is based in Emeryville, California.

DEAL STATS #
Overall 2 of 2
Sector (Medical Products) 2 of 2
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 2 of 2
Year (2024) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-14 DERMAdoctor

Riverside, Missouri, United States

DERMAdoctor is a privately-held company that commercializes dermatologist-developed skin care products that produce and sells more than 30 products underlines that include Ain’t Misbehavin’, Calm Cool + Corrected, Kakadu C, KP Duty, and Wrinkle Revenge. DERMAdoctor is based in Riverside, Missouri.

Sell $1M
Mergr

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Company

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