M&A Deal Summary

Cubic Acquires Abraxas Medical Solutions

On November 16, 2010, Cubic acquired medical products company Abraxas Medical Solutions from Ophthalmic Imaging Systems for 124M USD

Acquisition Highlights
  • This is Cubic’s 1st transaction in the Medical Products sector.
  • This is Cubic’s 3rd largest (disclosed) transaction.
  • This is Cubic’s 3rd transaction in the United States.
  • This is Cubic’s 2nd transaction in California.

M&A Deal Summary
Date 2010-11-16
Target Abraxas Medical Solutions
Sector Medical Products
Buyer(s) Cubic
Sellers(s) Ophthalmic Imaging Systems
Deal Type Divestiture
Deal Value 124M USD
Advisor(s) BB&T Capital Markets (Financial)

Target

Abraxas Medical Solutions

Irvine, California, United States
Abraxas Medical Solutions, Inc. an electronic medical record and medical practice management software developer.

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Buyer(S) 1

Buyer

Cubic

San Diego, California, United States
Category Company
Founded 1949
Sector Defense
Employees6,200
Revenue 1.5B USD (2020)
DESCRIPTION
Cubic's corporate headquarters in San Diego, California.
Cubic's corporate headquarters in San Diego, California.

Cubic is a provider of transportation technology solutions that support the operational needs of the most complex transit systems globally. The Company also provides highly engineered training solutions as well as specialized hardware and software offerings that improve operational readiness and support mission communication and intelligence gathering and analysis. Cubic was formed in 1949 and is based in San Diego, California.

DEAL STATS #
Overall 3 of 17
Sector (Medical Products) 1 of 1
Type (Divestiture) 1 of 2
State (California) 2 of 5
Country (United States) 3 of 15
Year (2010) 2 of 2
Size (of disclosed) 3 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-18 Impeva Labs

San Diego, California, United States

Impeva Labs an international provider of global asset management, tracking, monitoring and security solutions. Impeva Labs provided start-up technology for the U.S. Department of Homeland Security’s Operation Safe Commerce.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-02 eAccess

San Diego, California, United States

eAccess LLC is a manufacturer and supplier of contactless smart card and RFID products and services.

Buy -

Seller(S) 1

SELLER

Ophthalmic Imaging Systems

Sacramento, California, United States
Category Company
Founded 1984
Sector Healthcare Services
DESCRIPTION

Ophthalmic Imaging Systems provider of digital imaging and informatics solutions for ophthalmology and other medical specialties.

DEAL STATS #
Overall 1 of 1
Sector (Medical Products) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2010) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-09 Abraxas Medical Solutions

Irvine, California, United States

Abraxas Medical Solutions, Inc. an electronic medical record and medical practice management software developer.

Buy -
Mergr

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