1. Home >
  2. M&A >
  3. Divestiture >
  4. United States >
  5. California >
  6. STRATA Acquires Ra Medical - Pharos Dermatology Business

Divestiture • Medical Products

STRATA Acquires Ra Medical - Pharos Dermatology Business

On August 16, 2021, STRATA acquired medical products company Ra Medical - Pharos Dermatology Business from Catheter Precision for 4M USD

Acquisition Context
  • This is STRATA’s 1st transaction in the Medical Products sector.
  • This is STRATA’s 2nd largest (disclosed) transaction.
  • This is STRATA’s 2nd transaction in the United States.
  • This is STRATA’s 1st transaction in California.

Explore All 633 Divestiture Medical Products Deals - Search the Database Free


M&A Deal Summary
Date August 16, 2021
Target Ra Medical - Pharos Dermatology Business
Sector Medical Products
Buyer(s) STRATA
Sellers(s) Catheter Precision
Deal Type Divestiture
Deal Value 4M USD

Target Company

Ra Medical - Pharos Dermatology Business

Carlsbad, California, United States
Ra Medical’s Pharos Dermatology Business is FDA-cleared and used as a tool in the treatment of chronic skin diseases, including psoriasis, vitiligo, atopic dermatitis, and leukoderma.
Explore More Deals

Browse All 215,158 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Buyer Overview 1

Buyer

STRATA

Horsham, Pennsylvania, United States
Category Company
Founded 1989
Sector Medical Products
Employees106
Revenue 34M USD (2024)
DESCRIPTION

STRATA is a designer and manufacturer of innovative software-driven medical technologies for physician clinical use during the detection of skin cancers at the most curable and cost-effective stages. STRATA was founded in 1989 and is based in Horsham, Pennsylvania.

Deal Context for Buyer #
Overall 2 of 2
Sector: Medical Products 1 of 1
Type: Divestiture 2 of 2
State: California 1 of 1
Country: United States 2 of 2
Year: 2021 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-23 PhotoMedex - XTRAC and VTRAC Dermatology Business

United States

Buy $43M

Seller Profile 1

SELLER

Catheter Precision

Fort Mill, South Carolina, United States
Category Company
Founded 2002
Sector Medical Products
Employees22
Revenue 4M USD (2020)
DESCRIPTION

Catheter Precision design, develop, and commercialize excimer lasers as tools for the treatment of vascular and dermatological diseases. Catheter Precision was incorporated in 2002 and is headquartered in Fort Mill, South Carolina.

Deal Context for Seller #
Overall 1 of 1
Sector: Medical Products 1 of 1
Type: Divestiture 1 of 1
State: California 1 of 1
Country: United States 1 of 1
Year: 2021 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-12 Catheter Precision

Mt. Olive, New Jersey, United States

Catheter Precision is a medical device company focused on cardiac electrophysiology. Catheter Precision has developed two cost-effective, user-friendly, and advanced technologies to improve the treatment of cardiac arrhythmias. Catheter Precision was founded in 2016 and is based in Mt. Olive, New Jersey.

Buy -

Explore Related M&A Activity

Medical Products M&A - Divestiture M&A Deals - California M&A - United States M&A - 2021 M&A

Mergr

Solution for

Product

Company

Legal