M&A Deal Summary

Bausch & Lomb Acquires Trukera Medical

On July 23, 2024, Bausch & Lomb acquired medical products company Trukera Medical from Accelmed and CRG

Acquisition Highlights
  • This is Bausch & Lomb’s 5th transaction in the Medical Products sector.
  • This is Bausch & Lomb’s 4th transaction in the United States.
  • This is Bausch & Lomb’s 1st transaction in Texas.

M&A Deal Summary

Date 2024-07-23
Target Trukera Medical
Sector Medical Products
Buyer(s) Bausch & Lomb
Sellers(s) Accelmed
CRG
Deal Type Add-on Acquisition

Target

Trukera Medical

Southlake, Texas, United States
Trukera Medical develops and markets lab-on-a-chip technologies that enable eye care practitioners to improve the standard of care by objectively testing for disease biomarkers in tears at the point-of-care. Trukera Medical is based in Southlake, Texas.

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Buyer(S) 1

Buyer

Bausch & Lomb

Rochester, New York, United States

Category Company
Founded 1853
Sector Medical Products
Revenue 3.3B USD (2013)
DESCRIPTION

Bausch & Lomb is a manufacturer of ophthalmic products.


DEAL STATS #
Overall 7 of 8
Sector (Medical Products) 5 of 6
Type (Add-on Acquisition) 5 of 6
State (Texas) 1 of 1
Country (United States) 4 of 5
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-30 Xiidra

Basel, Switzerland

XIIDRA (lifitegrast ophthalmic solution) 5% is a prescription eye drop used to treat the signs and symptoms of dry eye disease. Xiidra is based in Basel, Switzerland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-11 Elios Vision

Los Angeles, California, United States

Elios Vision is a developer of the ELIOS™ procedure, minimally invasive glaucoma surgery (MIGS) procedure using an excimer laser. Elios Vision was founded in 2019 and is based in Los Angeles, California.

Buy -

Seller(S) 2

SELLER
DESCRIPTION

Accelmed is a global investment firm focused on providing investments in small and mid-cap private and public companies. The Firm looks to invest between $20 and $50 million in medical device companies and technologies with revenues between $20 and $70 million. Prospective transaction types include management buyouts and growth financings. Accelmed was formed in 2009 and is based in Miami, Florida.


DEAL STATS #
Overall 5 of 5
Sector (Medical Products) 4 of 4
Type (Add-on Acquisition) 3 of 3
State (Texas) 1 of 1
Country (United States) 4 of 4
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-01 EndoGastric Solutions

Redmond, Washington, United States

EndoGastric Solutions is a medical device company focused on endoluminal reconstructive gastric procedures, focused on treating upper gastrointestinal diseases, including gastroesophageal reflux disease (GERD) and obesity. EndoGastric Solutions was formed in 2003 and is based in Redmond, Washington.

Sell $105M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-01 Bioventus - Advanced Rehabilitation Business

United States

Bioventus' Advanced Rehabilitation Business is a provider of medical products critical for helping patients with stroke and other neuromuscular conditions in their rehabilitation journey.

Buy $45M
SELLER

CRG

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 3.0B USD
Size Large
Type Sector Focused
DESCRIPTION

CRG is a healthcare focused investment firm focused on growth capital to commercial-stage public and private companies. CRG looks to commit $20 to $300 million that are developing next-generation healthcare products, technologies and services that address significant and substantial unmet medical needs. Specific areas of interest include biopharmaceuticals, specialty pharmaceuticals, medical devices, drug delivery, animal health, tools and diagnostics, and healthcare services. CRG was formed in 2003 and is headquartered in Houston, Texas.


DEAL STATS #
Overall 3 of 3
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Texas) 1 of 1
Country (United States) 3 of 3
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-18 Sanara MedTech

Fort Worth, Texas, United States

Sanara MedTech is an entity which markets and distributes wound and skin care products and is seeking to offer wound care and dermatology virtual consultation services via telemedicine to physicians, hospitals, clinics, and all post-acute care settings. Sanara's products are primarily sold in the North American advanced wound care and surgical tissue repair markets. Sanara MedTech was founded in 2001 and is based in Fort Worth, Texas.

Buy -