M&A Deal Summary

IBA Acquires Modus Medical Devices

On May 3, 2022, IBA acquired medical products company Modus Medical Devices

Acquisition Highlights
  • This is IBA’s 3rd transaction in the Medical Products sector.
  • This is IBA’s 1st transaction in Canada.
  • This is IBA’s 1st transaction in Ontario.

M&A Deal Summary
Date 2022-05-03
Target Modus Medical Devices
Sector Medical Products
Buyer(s) IBA
Deal Type Add-on Acquisition

Target

Modus Medical Devices

London, Ontario, Canada
Modus Medical Devices is specializes in phantoms, a manufactured product made to resemble human organ or tissue used to quantify the potential effects of a radiation dose on a patient. Modus Medical Devices was founded in 2000 and is based in London, Ontario.

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Buyer(S) 1

Buyer

IBA

Louvain-La-Neuve, Belgium
Category Company
Founded 1986
Sector Medical Products
Employees1,943
Revenue 429M EUR (2023)
DESCRIPTION

IBA we dare to develop innovative solutions pushing back the limits of science. We share ideas and know-how with our customers, our partners and leading experts to bring new solutions for the diagnosis and treatment of cancer and for the benefits of patients. We care of the well-being of patients and stakeholders as it is together that we complete our mission to Protect Enhance and Saves lives. IBA was founded in 1986 and is based in Louvain-La-Neuve, Belgium.

DEAL STATS #
Overall 4 of 5
Sector (Medical Products) 3 of 4
Type (Add-on Acquisition) 3 of 4
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-17 RadioMed

Bartlett, Tennessee, United States

RadioMed Corp. is an implantable fiducial marker used for soft tissue tumor localization for enhanced accuracy in radiation therapy planning and delivery. RadioMed Corp. was established in 1997 and is based in Bartlett, Tennessee.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-08 Radcal

Monrovia, California, United States

Radcal makes radiation measurements for quality assurance, manufacturing, service, and compliance applications. The company's modular product line is designed to be tailored to individual needs with the broadest array of sensors, systems, displays, and software. Radcal is based in Monrovia, California.

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Mergr

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