M&A Deal Summary

Altaris Acquires Meridian Medical Technologies

On November 2, 2021, private equity firm Altaris acquired life science company Meridian Medical Technologies from Pfizer

Acquisition Highlights
  • This is Altaris’ 6th transaction in the Life Science sector.
  • This is Altaris’ 30th transaction in the United States.
  • This is Altaris’ 1st transaction in Missouri.

M&A Deal Summary

Date 2021-11-02
Target Meridian Medical Technologies
Sector Life Science
Buyer(s) Altaris
Sellers(s) Pfizer
Deal Type Divestiture

Target

Meridian Medical Technologies

St. Louis, Missouri, United States
Meridian Medical Technologies designs, develops, manufactures and supplies on-the-scene emergency response treatments and health security solutions with a focus on complex drug-device combination products. Meridian Medical Technologies is based in St. Louis, Missouri.

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Buyer(S) 1

Buyer

Altaris

New York City, New York, United States

Category Private Equity Firm
Founded 2003
PE ASSETS 10.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Altaris is a specialist private equity firm that targets investments in the healthcare industry. Altaris focuses its investment activity across the healthcare sector, including pharmaceuticals, medical devices, healthcare services and healthcare IT. Altaris will consider both control and non-control investment situations requiring $15 to $50 million of equity capital. Prospective investment situations include corporate carve-outs, leveraged buyouts, and growth equity/recapitalization investments. Altaris was formed in 2004 and is based in New York, New York.


DEAL STATS #
Overall 32 of 36
Sector (Life Science) 6 of 8
Type (Divestiture) 4 of 6
State (Missouri) 1 of 1
Country (United States) 30 of 34
Year (2021) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-23 BK Medical

Peabody, Massachusetts, United States

BK Medical is a global intraoperative imaging and surgical navigation company. BK Medical enables surgeons to make real-time, data-based decisions during surgical procedures, resulting in better clinical outcomes and reduced costs for patients, physicians, and the healthcare system. BK Medical is based in Peabody, Massachusetts.

Sell $1.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-17 Veranova

Wayne, Pennsylvania, United States

Veranova is a developer and manufacturer of specialist and complex active pharmaceutical ingredients for pharma and biotech companies. Veranova was founded in 1970 and is based in Wayne, Pennsylvania.

Buy £325M

Seller(S) 1

SELLER

Pfizer

New York, New York, United States

Category Company
Founded 1849
Sector Life Science
Employees8,300
Revenue 58.5B USD (2023)
DESCRIPTION
Pfizer office in Lake Forest, Illinois.
Pfizer office in Lake Forest, Illinois.

Pfizer is a global pharmaceutical company that is involved in the discovery, development, manufacture, and marketing of a wide range of healthcare products, including medicines and vaccines. The company's portfolio includes treatments across a broad spectrum of areas such as oncology, cardiology, neurology, and infectious diseases, among others. Pfizer was founded in 1849 and is based in New York, New York.


DEAL STATS #
Overall 18 of 18
Sector (Life Science) 13 of 13
Type (Divestiture) 15 of 15
State (Missouri) 1 of 1
Country (United States) 13 of 13
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-28 Amplyx

San Diego, California, United States

Amplyx is a provider in the development of therapies for debilitating and life-threatening diseases that affect people with compromised immune systems. Amplyx’s lead compound, Fosmanogepix (APX001), is a novel investigational asset under development for the treatment of invasive fungal infections. Amplyx was founded in 2006 and is based in San Diego, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-13 Arena Pharmaceuticals

San Diego, California, United States

Arena Pharmaceuticals is a clinical-stage company developing innovative potential therapies for the treatment of several immuno-inflammatory diseases. Arena Pharmaceuticals was incorporated in 1997 and is based in San Diego, California.

Buy $6.7B