M&A Deal Summary

Conmed Acquires In2Bones

On May 4, 2022, Conmed acquired medical products company In2Bones for 145M USD

Acquisition Highlights
  • This is Conmed’s 8th transaction in the Medical Products sector.
  • This is Conmed’s 4th largest (disclosed) transaction.
  • This is Conmed’s 7th transaction in the United States.
  • This is Conmed’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2022-05-04
Target In2Bones
Sector Medical Products
Buyer(s) Conmed
Deal Type Add-on Acquisition
Deal Value 145M USD
Advisor(s) William Blair (Financial)
K&L Gates (Legal)

Target

In2Bones

Memphis, Tennessee, United States
In2Bones is a global developer manufacturer and distributor of medical devices for the treatment of disorders and injuries of the upper (hand, wrist, elbow) and lower (foot and ankle) extremities. In2Bones is based in Memphis, Tennessee.

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Buyer(S) 1

Buyer

Conmed

Largo, Florida, United States
Category Company
Founded 1970
Sector Medical Products
Employees4,100
Revenue 1.2B USD (2023)
DESCRIPTION

Conmed is a medical technology company with an emphasis on surgical devices and equipment for minimally invasive procedures and monitoring. The Company’s products are used by surgeons and physicians in a variety of specialties including orthopedics, general surgery, gynecology, neurosurgery and gastroenterology. Conmed was founded in 1970 and is based in Largo, Florida.

DEAL STATS #
Overall 8 of 9
Sector (Medical Products) 8 of 9
Type (Add-on Acquisition) 5 of 6
State (Tennessee) 1 of 1
Country (United States) 7 of 8
Year (2022) 1 of 2
Size (of disclosed) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-13 Buffalo Filter

Lancaster, New York, United States

Buffalo Filter LLC is a medical device manufacturer. Its comprehensive product portfolio includes smoke evacuation pencils, smoke evacuators, and laparoscopic solutions. Buffalo Filter was founded in 1991 and is based in Lancaster, New York.

Buy $365M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-01 Biorez

New Haven, Connecticut, United States

Biorez is a medical device start-up focused on advancing the healing of soft tissues using its proprietary BioBrace Implant technology. Biorez was founded in 2016 and is based in New Haven, Connecticut.

Buy $85M
Mergr

Product

Company

Legal