M&A Deal Summary

Patient Square Capital Acquires Elevage Medical Technologies

On May 1, 2023, private equity firm Patient Square Capital acquired medical products company Elevage Medical Technologies

Acquisition Highlights
  • This is Patient Square Capital’s 3rd transaction in the Medical Products sector.
  • This is Patient Square Capital’s 8th transaction in the United States.
  • This is Patient Square Capital’s 4th transaction in Texas.

M&A Deal Summary

Date 2023-05-01
Target Elevage Medical Technologies
Sector Medical Products
Buyer(s) Patient Square Capital
Deal Type Consolidation

Target

Elevage Medical Technologies

Austin, Texas, United States
Elevage Medical Technologies is dedicated to supporting medical device companies that can meaningfully improve health outcomes and quality of life for patients. Through capital investment and strategic operational support, Elevage strives to accelerate the pace of innovation in the medical technology space. Elevage Medical Technologies is based in Austin, Texas.

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Buyer(S) 1

DESCRIPTION

Patient Square Capital is a private investment firm specializing in the healthcare sector. The Firm seeks opportunities to invest broadly across the healthcare industry, including technology-enabled services, biopharmaceuticals, the pharmaceutical value chain, medical devices, diagnostics, providers, digital health and consumer health. Patient Square Capital was formed in 2020 and is headquartered in Menlo Park, California.


DEAL STATS #
Overall 8 of 12
Sector: Medical Products M&A 3 of 3
Type: Consolidation M&A Deals 3 of 3
State: Texas M&A 4 of 4
Country: United States M&A 8 of 12
Year: 2023 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-21 Hanger

Austin, Texas, United States

Hanger is a provider of orthotic and prosthetic (O&P) services and products. Hanger distributes branded and private label O&P devices, products, and components, and provides rehabilitative solutions. Hanger was founded in 1861 and is based in Austin, Texas.

Buy $1.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-10 Syneos Health

Morrisville, North Carolina, United States

Syneos Health is a fully integrated biopharmaceutical solutions organization built to accelerate customer success. Syneos Health translate unique clinical, medical affairs and commercial insights into outcomes to address modern market realities. Syneos Health was founded in 2010 and is based in Morrisville, North Carolina.

Buy $7.1B