M&A Deal Summary

Phoenix Brio Acquires Arthrosurface

On October 31, 2024, Phoenix Brio acquired medical products company Arthrosurface from Anika for 10M USD

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

M&A Deal Summary
Date 2024-10-31
Target Arthrosurface
Sector Medical Products
Buyer(s) Phoenix Brio
Sellers(s) Anika
Deal Type Divestiture
Deal Value 10M USD

Target

Arthrosurface

Franklin, Massachusetts, United States
Arthrosurface is a provider of joint surface and preservation solutions for active patients. Arthrosurface was founded in 2001 and is based in Franklin, Massachusetts.

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Buyer(S) 1

Buyer

Phoenix Brio

United States
Category Company
Sector Medical Products
DESCRIPTION

Phoenix Brio is a manufacturer and commercializes therapeutic products.

DEAL STATS #
Overall 1 of 1
Sector (Medical Products) 1 of 1
Type (Divestiture) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Anika

Bedford, Massachusetts, United States
Category Company
Founded 1983
Sector Medical Products
Employees357
Revenue 167M USD (2023)
DESCRIPTION

Anika is a developer, manufacturer and commercializes therapeutic products for tissue protection, healing and repair. These products are based on hyaluronic acid (HA), a naturally occurring polymer found throughout the body. Anika was incorporated in 1983 and is based in Bedford, Massachusetts.

DEAL STATS #
Overall 1 of 1
Sector (Medical Products) 1 of 1
Type (Divestiture) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-03 Arthrosurface

Franklin, Massachusetts, United States

Arthrosurface is a provider of joint surface and preservation solutions for active patients. Arthrosurface was founded in 2001 and is based in Franklin, Massachusetts.

Buy $60M
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