M&A Deal Summary

Sientra Acquires BioCorneum

On March 9, 2016, Sientra acquired medical products company BioCorneum from Enaltus for 7M USD

Acquisition Highlights
  • This is Sientra’s 1st transaction in the Medical Products sector.
  • This is Sientra’s 2nd largest (disclosed) transaction.
  • This is Sientra’s 1st transaction in the United States.
  • This is Sientra’s 1st transaction in Georgia.
Investment Fate
  • BioCorneum was divested to a consortium of strategic buyers in 2024.

M&A Deal Summary
Date 2016-03-09
Target BioCorneum
Sector Medical Products
Buyer(s) Sientra
Sellers(s) Enaltus
Deal Type Divestiture
Deal Value 7M USD

Target

BioCorneum

Suwanee, Georgia, United States
BioCorneum is a quick drying, patented silicone gel that creates an invisible, breathable, flexible, and waterproof silicone sheet over scars. BioCorneum is based in Suwanee, Georgia.

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Buyer(S) 1

Buyer

Sientra

Santa Barbara, California, United States
Category Company
Founded 2003
Sector Life Science
Employees255
Revenue 81M USD (2021)
DESCRIPTION

Sientra is a medical aesthetics company committed to making a difference in patients' lives by enhancing their body image, growing their self-esteem and restoring their confidence. Sientra was founded in 2003 and is based in Santa Barbara, California.

DEAL STATS #
Overall 1 of 4
Sector (Medical Products) 1 of 3
Type (Divestiture) 1 of 2
State (Georgia) 1 of 1
Country (United States) 1 of 4
Year (2016) 1 of 2
Size (of disclosed) 2 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-08 Specialty Surgical Products - Tissue Expander Business

Victor, Montana, United States

Specialty Surgical Products - Tissue Expander Business is a provider of breast tissue expanders.

Buy -

Seller(S) 1

SELLER

Enaltus

Suwanee, Georgia, United States
Category Company
Founded 1995
Sector Consumer Products
DESCRIPTION

Enaltus LLC is a dermatological products company focused on scar management and specialty skincare.

DEAL STATS #
Overall 2 of 2
Sector (Medical Products) 2 of 2
Type (Divestiture) 2 of 2
State (Georgia) 1 of 1
Country (United States) 2 of 2
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-31 Enaltus - ScarAway

United States

Enaltus LLC - ScarAway is a provider of scar removable products.

Sell -
Mergr

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