M&A Deal Summary

Cerebain Biotech Acquires PKG

On September 3, 2020, Cerebain Biotech acquired medical products company PKG

Acquisition Highlights
  • This is Cerebain Biotech’s 1st transaction in the Medical Products sector.
  • This is Cerebain Biotech’s 1st transaction in the United States.
  • This is Cerebain Biotech’s 1st transaction in Idaho.

M&A Deal Summary

Date 2020-09-03
Target PKG
Sector Medical Products
Buyer(s) Cerebain Biotech
Deal Type Add-on Acquisition

Target

PKG

Meridian, Idaho, United States
PKG specializes in contract design, development, and manufacturing of system-level devices with expertise in human-machine interfaces. With experience in medical, aerospace, government, and industrial products, PKG helps to raise the company to the next level by leveraging its skills in engineering and technology integration across product lines. With a complete in-house vertical integration of expertise, services, manufacturing processes, and technologies, PKG provides its customers with all of their product development and manufacturing needs. PKG was established in 1989 and is based in Meridian, Idaho.

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Buyer(S) 1

Buyer

Cerebain Biotech

Costa Mesa, California, United States

Category Company
Founded 2007
Sector Medical Products
Employees2
DESCRIPTION

Cerebain Biotech is a development-stage medical device company focused on the creation and clinical development of a minimally invasive implantable device and a synthetic drug solution. The device leverages the clinically observable, positive impact that Omentum stimulation has on cognitive function as related to dementias, and in particular, Alzheimer’s disease. Cerebain Biotech was formed in 2007 and is based in Costa Mesa, California.


DEAL STATS #
Overall 1 of 1
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Idaho) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1