M&A Deal Summary

Orthofix Medical Acquires eNeura

On March 31, 2015, Orthofix Medical acquired medical products company eNeura for 65M USD

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

M&A Deal Summary

Date 2015-03-31
Target eNeura
Sector Medical Products
Buyer(s) Orthofix Medical
Deal Type Add-on Acquisition
Deal Value 65M USD
Advisor(s) Wells Fargo Securities (Financial)

Target

eNeura

Baltimore, Maryland, United States
eNeura, Inc. is a medical technology company that is pioneering the use of portable, non-invasive Transcranial Magnetic Stimulation devices for treatment of migraine. SpringTMS is a prescription-only device that utilizes single-pulse Transcranial Magnetic Stimulation (sTMS) to induce very mild electrical currents that can depolarize neurons in the brain.

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Buyer(S) 1

Buyer

Orthofix Medical

Lewisville, Texas, United States

Category Company
Founded 1980
Sector Medical Products
Employees1,634
Revenue 747M EUR (2023)
DESCRIPTION

Orthofix Medical is a diversified global medical device company. Orthofix is a manufacturer and marketing of minimally invasive medical devices for the orthopedic and trauma markets. Orthofix Medical was founded in 1980 and is based in Lewisville, Texas.


DEAL STATS #
Overall 3 of 7
Sector (Medical Products) 3 of 6
Type (Add-on Acquisition) 2 of 5
State (Maryland) 1 of 1
Country (United States) 3 of 6
Year (2015) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-24 Breg

Carlsbad, California, United States

Breg is a designer and manufacturer of bracing products and cold therapy devices used for preventing and rehabilitating knee, shoulder, wrist, back and other orthopedic injuries. Breg was founded in 1989 and is based in Carlsbad, California.

Sell $158M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-15 Spinal Kinetics

Sunnyvale, California, United States

Spinal Kinetics, Inc. is a medical device company focused on partnering with spine surgeons to develop innovative and practical motion preservation systems for treating degenerative diseases of the spine. The M6-C cervical and M6-L lumbar artificial discs have rapidly established themselves among the leading artificial discs available due to the unique biomechanical properties that replicate the motion of a natural disc and the positive clinical outcomes for patients.

Buy $45M