M&A Deal Summary

Innovatus Imaging Acquires Multi Vendor Service

On September 6, 2017, Innovatus Imaging acquired medical products company Multi Vendor Service from Bayer

Acquisition Highlights
  • This is Innovatus Imaging’s 3rd transaction in the Medical Products sector.
  • This is Innovatus Imaging’s 3rd transaction in the United States.
  • This is Innovatus Imaging’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2017-09-06
Target Multi Vendor Service
Sector Medical Products
Buyer(s) Innovatus Imaging
Sellers(s) Bayer
Deal Type Merger

Target

Multi Vendor Service

Pittsburgh, Pennsylvania, United States
Multi Vendor Service is a provider of third party service business for radiology devices including ultrasound probes, magnetic resonance (MR) Coils, computed radiography (CR) readers, dry film printers and the sale of digital radiography retrofit devices. Multi Vendor Service is based in Pittsburgh, Pennsylvania.

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Buyer(S) 1

Buyer

Innovatus Imaging

Pittsburgh, Pennsylvania, United States

Category Company
Founded 2017
Sector Medical Products
DESCRIPTION

Innovatus Imaging is a provider of customer service and repair capabilities for radiology devices including ultrasound probes, magnetic resonance imaging (MR) Coils, computed radiography readers, and dry film printers. Innovatus Imaging sells and installs digital radiography detectors and manufactures specialty ultrasound products. Innovatus Imaging was founded in 2017 and is based in Pittsburgh, Pennsylvania.


DEAL STATS #
Overall 3 of 3
Sector: Medical Products M&A 3 of 3
Type: Merger M&A Deals 3 of 3
State: Pennsylvania M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2017 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-06 MD MedTech

Englewood, Colorado, United States

MD MedTech LLC designs and manufactures specialized medical ultrasound products. Working with system partners, company deliver a complete ultrasound solution for specialty application. MD MedTech LLC is based in Englewood, Colorado.

Buy -

Seller(S) 1

SELLER

Bayer

Leverkusen, Germany

Category Company
Founded 1863
Sector Life Science
Employees89,556
Revenue 46.6B EUR (2024)
DESCRIPTION
Bayer office building in North Sydney, Australia.
Bayer office building in North Sydney, Australia.

Bayer is a global enterprise with core competencies in the fields of health care, agriculture and high-tech polymer materials. As an innovation company, it sets trends in research-intensive areas. Bayer’s products and services are designed to benefit people and improve the quality of life. At the same time, the Group aims to create value through innovation, growth and high earning power. Bayer was founded in 1863 and is based in Leverkusen, Germany.


DEAL STATS #
Overall 10 of 23
Sector: Medical Products M&A 2 of 2
Type: Merger M&A Deals 2 of 2
State: Pennsylvania M&A 1 of 1
Country: United States M&A 2 of 7
Year: 2017 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-05 Bayer AG - Serdex

Leverkusen, Germany

Bayer AG - Serdex is a specialist of botanical active ingredients for dermo-cosmetics and skin treatment.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-13 Coppertone

Whippany, New Jersey, United States

Coppertone was the first sun care brand launched in the US market. Coppertone is headquartered in Whippany, New Jersey, USA, and present in the United States, Canada, and China.

Sell $550M