M&A Deal Summary

Bayer HealthCare AG Acquires Pathway Medical Technologies

On September 1, 2011, Bayer HealthCare AG acquired medical products company Pathway Medical Technologies from Medrad for 88M EUR

Acquisition Highlights
  • This is Bayer HealthCare AG’s 1st transaction in the Medical Products sector.
  • This is Bayer HealthCare AG’s largest (disclosed) transaction.
  • This is Bayer HealthCare AG’s 1st transaction in the United States.
  • This is Bayer HealthCare AG’s 1st transaction in Washington.

M&A Deal Summary
Date 2011-09-01
Target Pathway Medical Technologies
Sector Medical Products
Buyer(s) Bayer HealthCare AG
Sellers(s) Medrad
Deal Type Divestiture
Deal Value 88M EUR

Target

Pathway Medical Technologies

Kirkland, Washington, United States
Pathway Medical Technologies, Inc. is a manufacture of medical products to mechanically remove arterial plaque.

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Buyer(S) 1

Buyer

Bayer HealthCare AG

Leverkusen, Germany
Category Company
Sector Healthcare Services
DESCRIPTION

Bayer HealthCare AG manufactures products to diagnose, prevent, and treat human and animal disease worldwide.

DEAL STATS #
Overall 2 of 2
Sector (Medical Products) 1 of 1
Type (Divestiture) 1 of 1
State (Washington) 1 of 1
Country (United States) 1 of 1
Year (2011) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-09-16 DIREVO Biotech AG

Cologne, Germany

DIREVO Biotech’s unique and proprietary protein engineering platform uses high throughput technologies for the rapid discovery and optimization of biopharmaceuticals.

Buy €210M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-06 Domeboro

Cedar Knolls, New Jersey, United States

Domeboro is a provider of topical astringent used for relieving itch and minor skin irritations.

Sell -

Seller(S) 1

SELLER

Medrad

Indianola, Pennsylvania, United States
Category Company
Founded 1964
Sector Medical Products
DESCRIPTION

Medrad, Inc. is a manufacturer and distributor of high tech medical devices that enable or enhance diagnostic and therapeutic medical procedures for computed tomography, magnetic resonance, and cardiovascular applications.

DEAL STATS #
Overall 1 of 1
Sector (Medical Products) 1 of 1
Type (Divestiture) 1 of 1
State (Washington) 1 of 1
Country (United States) 1 of 1
Year (2011) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-14 Possis Medical

Minneapolis, Minnesota, United States

Possis Medical, Inc. is a provider of mechanical thrombectomy devices used to stenotic arteries and veins.

Buy $361M
Mergr

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