M&A Deal Summary

Axonics Acquires Radian

On April 24, 2023, Axonics acquired medical products company Radian from Intermed Labs

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

M&A Deal Summary

Date 2023-04-24
Target Radian
Sector Medical Products
Buyer(s) Axonics
Sellers(s) Intermed Labs
Deal Type Divestiture

Target

Radian

United States
Radian is a provider of medical products. Radian is based in United States.

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Buyer(S) 1

Buyer

Axonics

Irvine, California, United States

Category Company
Founded 2012
Sector Medical Products
Revenue 274M USD (2022)
DESCRIPTION

Axonics is focused on the development and commercialization of differentiated devices to treat urinary and bowel dysfunction. The Axonics product portfolio includes the Axonics R20TM and the Axonics F15TM Systems used to deliver sacral neuromodulation (SNM) therapy. SNM therapy is a minimally invasive procedure used in the treatment of OAB and fecal incontinence. It works by delivering mild electrical pulses to the sacral nerve to restore communication between the brain and the bladder. Axonics was founded in 2013 and is headquartered in Irvine, California.


DEAL STATS #
Overall 2 of 2
Sector: Medical Products M&A 2 of 2
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-25 Contura

London, United Kingdom

Contura Ltd. specializes in the distribution and sale of healthcare products, both pharmaceuticals, and medical devices, focused primarily on women’s health. Its lead products are Bulkamid, Aquamid, Regurin XL, and Cystistat. It also has a number of ongoing development programs focused upon additional uses of its proprietary hydrogel technology, such as Arthrosamid for the treatment of osteoarthritis in the knee. Contura is based in London, United Kingdom.

Buy $200M

Seller(S) 1

SELLER

Intermed Labs

United States

Category Company
Sector Information Technology
DESCRIPTION

Intermed Labs is an innovation lab and startup studio that advances technological breakthroughs in Health Technology. Intermed Labs is based in United States.


DEAL STATS #
Overall 1 of 1
Sector: Medical Products M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 1 of 1