M&A Deal Summary

Accelmed and CRG Acquire Trukera Medical

On May 11, 2020, private equity firms Accelmed and CRG acquired medical products company Trukera Medical for 25M USD

Acquisition Highlights
  • This is Accelmed’s 8th and CRG’s 5th transaction in the Medical Products sector.
  • This is Accelmed’s 2nd and CRG’s largest (disclosed) transaction.
  • This is Accelmed’s 7th and CRG’s 11th transaction in the United States.
  • This is Accelmed’s 1st and CRG’s 2nd transaction in Texas.
Investment Fate
  • Trukera Medical was sold to a publicly-traded strategic buyer in 2024.

M&A Deal Summary

Date 2020-05-11
Target Trukera Medical
Sector Medical Products
Buyer(s) Accelmed
CRG
Deal Type Going Private
Deal Value 25M USD

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) 2

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 greater than $30 million. Prospective transaction types include management buyouts and growth financings. Accelmed was formed in 2009 and is based in New York City.


DEAL STATS #
Overall 10 of 18
Sector (Medical Products) 8 of 12
Type (Going Private) 1 of 1
State (Texas) 1 of 1
Country (United States) 7 of 14
Year (2020) 1 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-27 TailorMed

New York, New York, United States

TailorMed Medical provides technology to improve the financial performance of healthcare providers and reduce the financial hardship for patients. TailorMed was founded in 2016 and is based in New York, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-31 NeuroPace

Mountain View, California, United States

NeuroPace is a commercial-stage medical device company focused on transforming the lives of people suffering from epilepsy by reducing or eliminating the occurrence of debilitating seizures. Its novel and differentiated RNS System is the first and only commercially available, brain-responsive platform that delivers personalized, real-time treatment at the seizure source. This platform can drive a better standard of care for patients suffering from drug-resistant epilepsy and has the potential to offer a more personalized solution and improved outcomes to the large population of patients suffering from other brain disorders. NeuroPace was formed in 1997 and is based in Mountain View, California.

Buy -
Buyer

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 12 of 13
Sector (Medical Products) 5 of 6
Type (Going Private) 1 of 1
State (Texas) 2 of 3
Country (United States) 11 of 12
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-08 Cefaly

Seraing, Belgium

Cefaly is a manufacturer and marketer of neuro-modulating medical devices for the prevention and treatment of migraines. The CEFALY device is externally applied by the patient to the forehead to deliver electrical impulses to the trigeminal nerve, a critical component of the nervous system involved in almost all migraines. Cefaly was founded in 2004 and is based in Seraing, Belgium.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-25 Alignment Healthcare

Orange, California, United States

Alignment Healthcare provides healthcare management services to providers, health plans, and hospitals. The company offers an end-to-end continuous care program, including clinical care coordination, risk management capabilities, and IT enablement. Alignment Healthcare was incorporated in 2013 and is headquartered in Orange, California.

Sell -