M&A Deal Summary

iCAD Acquires Xoft

On December 16, 2010, iCAD acquired medical products company Xoft from Easton Capital Investment Group for 13M USD

Acquisition Highlights
  • This is iCAD’s 1st transaction in the Medical Products sector.
  • This is iCAD’s largest (disclosed) transaction.
  • This is iCAD’s 1st transaction in the United States.
  • This is iCAD’s 1st transaction in California.

M&A Deal Summary

Date 2010-12-16
Target Xoft
Sector Medical Products
Buyer(s) iCAD
Sellers(s) Easton Capital Investment Group
Deal Type Add-on Acquisition
Deal Value 13M USD

Target

Xoft

Sunnvale, California, United States
Xoft is developing leading-edge new technologies for the practice of radiation oncology through Electronic Brachytherapy, which utilizes proprietary miniaturized x-ray tube technology. Xoft is based in Sunnvale, CA.

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Buyer(S) 1

Buyer

iCAD

Nashua, New Hampshire, United States

Category Company
Founded 1984
Sector Medical Products
Employees67
Revenue 17M USD (2023)
DESCRIPTION

iCAD is a provider of advanced image analysis and workflow solutions that enable healthcare professionals to better serve patients by identifying pathologies and pinpointing cancer earlier. iCAD offers a comprehensive range of high-performance, upgradeable Computer-Aided Detection (CAD) systems and workflow solutions for mammography (film-based, digital radiography and computed radiography), iCAD was founded in 1984 and is based in Nashua, New Hampshire.


DEAL STATS #
Overall 1 of 4
Sector (Medical Products) 1 of 3
Type (Add-on Acquisition) 1 of 3
State (California) 1 of 3
Country (United States) 1 of 4
Year (2010) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-15 DermEbx

San Jose, California, United States

DermEbx is a healthcare services and technology company dedicated to offering skin electronic brachytherapy programs to dermatology and oncology networks. This program includes collaboration with clinical care teams and management staff in successfully integrating equipment and software into a patient-centric workflow model. DermEbx helps its customers with scalability and operational efficiencies in delivering programs that meet quality and standards for improving patient care.

Buy -

Seller(S) 1

SELLER

Easton Capital Investment Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 2000
PE ASSETS 200M USD
Size Small
Type Sector Focused
DESCRIPTION

Easton Capital Investment Group is a private investment firm that targets early-stage venture capital to later-stage growth capital investments. Easton will consider opportunities across a range of industries but generally invests in the healthcare industry, including biopharmaceuticals, drug delivery, medical devices, and healthcare services. Easton looks to commit $0.50 to $10 million per transaction. Easton Capital was formed in 2000 and is based in New York.


DEAL STATS #
Overall 13 of 20
Sector (Medical Products) 3 of 3
Type (Add-on Acquisition) 7 of 9
State (California) 4 of 6
Country (United States) 13 of 20
Year (2010) 1 of 1
Size (of disclosed) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-16 Promedior

Lexington, Massachusetts, United States

Promedior, Inc. is a clinical-stage biotechnology company pioneering the development of targeted therapeutics to treat diseases involving fibrosis. Fibrosis is a harmful process that occurs in many diseases, when normal healthy tissue is replaced with scar tissue, compromising function and ultimately leading to organ failure. Promedior focused on rare fibrotic diseases, including idiopathic pulmonary fibrosis and myelofibrosis. Promedior, Inc. was founded in 2006 and is based in Lexington, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-09 PlaySpan

Santa Clara, California, United States

PlaySpan is the game industry's first publisher-sponsored in-game commerce network. PlaySpan's in-game search, commerce and micropayment technologies enables game publishers and developers to generate new revenues, acquire new users and extend the loyalty of existing users. PlaySpan is based in Silicon Valley.

Sell $190M