M&A Deal Summary

Asensus Acquires SafeStitch Medical

On September 4, 2013, Asensus acquired medical products company SafeStitch Medical for 170M USD

Acquisition Highlights
  • This is Asensus’ 1st transaction in the Medical Products sector.
  • This is Asensus’ largest (disclosed) transaction.
  • This is Asensus’ 1st transaction in the United States.
  • This is Asensus’ 1st transaction in Florida.

M&A Deal Summary
Date 2013-09-04
Target SafeStitch Medical
Sector Medical Products
Buyer(s) Asensus
Deal Type Merger
Deal Value 170M USD
Advisor(s) GreenbergTraurig (Legal)

Target

SafeStitch Medical

Miami, Florida, United States
SafeStitch Medical, Inc., a developmental stage medical device company, engages in the development of medical devices in the United States.

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Buyer(S) 1

Buyer

Asensus

Durham, North Carolina, United States
Category Company
Founded 2006
Sector Medical Products
Employees207
Revenue 9M USD (2023)
DESCRIPTION

Asensus is a medical device company that is pioneering the use of robotics to improve minimally invasive surgery by addressing the clinical and economic challenges associated with current laparoscopic and robotic options. Asensus was founded in 2006 and is based in Durham, North Carolina.

DEAL STATS #
Overall 1 of 3
Sector (Medical Products) 1 of 2
Type (Merger) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-21 TELELAP ALF-X

Italy

TELELAP ALF-X is a robotic surgical system provides an advantages of robotic surgery to patients while enabling surgeons with innovative new technology such as eye tracking and haptics.

Buy $25M
Mergr

Product

Company

Legal