M&A Deal Summary

BTG Acquires Novate Medical

On September 7, 2018, BTG acquired medical products company Novate Medical for 20M USD

Acquisition Highlights
  • This is BTG’s 5th transaction in the Medical Products sector.
  • This is BTG’s 4th largest (disclosed) transaction.
  • This is BTG’s 4th transaction in the United States.
  • This is BTG’s 1st transaction in Louisiana.

M&A Deal Summary

Date 2018-09-07
Target Novate Medical
Sector Medical Products
Buyer(s) BTG
Deal Type Add-on Acquisition
Deal Value 20M USD

Target

Novate Medical

New Orleans, Louisiana, United States
Novate Medical Ltd. is a medical device company focused on the prevention of pulmonary embolism in patients at high risk of venous thromboembolic events. Novate Medical was founded in 2006 and is based in New Orleans, Louisiana.

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Buyer(S) 1

Buyer

BTG

London, United Kingdom

Category Company
Founded 1948
Sector Medical Products
Employees1,182
Revenue 823M USD (2018)
DESCRIPTION

BTG plc which develops and commercializes products used in minimally-invasive procedures targeting cancer and vascular diseases, as well as acute care pharmaceuticals. BTG has three key businesses, the largest of which is its Interventional Medicine portfolio which encompasses several peripheral interventional product lines. The interventional oncology franchise includes the TheraSphere® Y-90 radiotherapy microspheres and the GALIL™ cryoablation system, used to treat patients with liver, kidney, and other cancers. More than 840,000 people are expected to be diagnosed with liver cancer in 2018, and that number is expected to grow to 1.1 million by 2030. Kidney cancer is among the 10 most common cancers in both men and women.


DEAL STATS #
Overall 6 of 6
Sector (Medical Products) 5 of 5
Type (Add-on Acquisition) 4 of 4
State (Louisiana) 1 of 1
Country (United States) 4 of 4
Year (2018) 1 of 1
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-05 Roxwood Medical

Redwood City,, California, United States

Roxwood Medical, Inc. is an innovative provider of advanced cardiovascular specialty catheters used in the treatment of patients with severe coronary and peripheral artery disease. Roxwood's anchoring catheters (CenterCross®, CenterCross® Ultra, MultiCross®) and microcatheters (MicroCross®) offer options for physicians in the crossing of complex lesions and arterial blockages.

Buy $80M