M&A Deal Summary |
|
|---|---|
| Date | 2018-08-30 |
| Target | K2M |
| Sector | Medical Products |
| Buyer(s) | Stryker |
| Sellers(s) |
Welsh Carson Anderson & Stowe
Ferrer Freeman |
| Deal Type | Add-on Acquisition |
| Deal Value | 1.4B USD |
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| Category | Company |
|---|---|
| Founded | 1941 |
| Sector | Medical Products |
| Employees | 52,000 |
| Revenue | 20.5B USD (2023) |
Stryker is a medical technology company. Stryker's products include implants used in joint replacement and trauma surgeries; surgical equipment and surgical navigation systems; endoscopic and communications systems; patient handling and emergency medical equipment; neurosurgical, neurovascular and spinal devices; as well as other medical device products used in a variety of medical specialties. Stryker was founded in 1941 and is based in Kalamazoo, Michigan.
| DEAL STATS | # |
|---|---|
| Overall | 34 of 48 |
| Sector (Medical Products) | 24 of 35 |
| Type (Add-on Acquisition) | 28 of 42 |
| State (Virginia) | 1 of 1 |
| Country (United States) | 23 of 33 |
| Year (2018) | 2 of 3 |
| Size (of disclosed) | 5 of 23 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-06-25 |
SafeAir AG
Root Längenbold, Switzerland SafeAir AG is a Swiss medical device company dedicated to the design, development and manufacture of innovative surgical smoke evacuation solutions. The company's smoke evacuation products help reduce staff and patient exposure to hazards associated with surgical smoke. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-10-03 |
HyperBranch Medical Technology
Durham, North Carolina, United States HyperBranch develops medical devices based on its proprietary polymers and cross-linked hydrogels. Its Adherus AutoSpray Dural Sealant product is one of only two FDA-approved dural sealants on the market. |
Buy | $220M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1979 |
| PE ASSETS | 31.0B USD |
| Size | Mega |
| Type | Sector Focused |
Welsh Carson Anderson & Stowe (WCAS) is a mega-sized, specialist private equity firm focused on investments in growth-oriented companies operating within the healthcare and technology/tech-enabled services industries. WCAS will consider small and large transactions; including venture investments, growth equity investments, buy-and-build transactions, public-to-private acquisitions, and corporate carve-outs. The Firm prefers control situations and generally seeks opportunities in the US. Welsh Carson Anderson & Stowe was formed in 1979 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 62 of 75 |
| Sector (Medical Products) | 5 of 6 |
| Type (Add-on Acquisition) | 39 of 44 |
| State (Virginia) | 2 of 2 |
| Country (United States) | 60 of 72 |
| Year (2018) | 3 of 3 |
| Size (of disclosed) | 8 of 33 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-08-17 |
Abzena
Cambridge, United Kingdom Abzena is a life science company, that provides proprietary technologies and value-added services to enable the development of better biopharmaceuticals. Abzena comprises two wholly owned subsidiary businesses – PolyTherics and Antitope. Abzena is based in Cambridge, United Kingdom. |
Buy | £34M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-06-03 |
Green Street
Newport Beach, California, United States Green Street is an independent research, analytics, trading, and consulting firm to the commercial real estate market in North American and Europe. Green Street was founded in 1985 and is based in Newport Beach, California. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1995 |
| PE ASSETS | 900M USD |
| Size | Middle-Market |
| Type | Sector Focused |
Ferrer Freeman & Co. (FFC) is a private equity firm that invests exclusively in healthcare companies generating sales minimum $20 to $200 million. FFC also invests in clinical products and outsourcing/infrastructure businesses serving the healthcare sector. FFC looks to commit $10 to $40 million per transaction and focuses primarily on growth capital financings and build-ups. However, the Firm will also selectively fund buyouts as well. Ferrer Freeman & Co. LLC was formed in 1995 and is based in Greenwich, Connecticut.
| DEAL STATS | # |
|---|---|
| Overall | 23 of 24 |
| Sector (Medical Products) | 4 of 4 |
| Type (Add-on Acquisition) | 15 of 15 |
| State (Virginia) | 1 of 1 |
| Country (United States) | 23 of 24 |
| Year (2018) | 1 of 1 |
| Size (of disclosed) | 3 of 9 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-08-30 |
Drive DeVilbiss Healthcare
Port Washington, New York, United States Drive DeVilbiss Healthcare manufactures a complete line of medical products, including mobility products, sleep and respiratory products, beds, bariatric products, wheelchairs, sleep surfaces and pressure prevention products, self-assist products, power operated wheelchairs, rehabilitation products, patient room equipment, personal care products and electrotherapy devices. Drive DeVilbiss Healthcare was founded in 2000 and is based in Port Washington, New York. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-10-21 |
Aerocare
Orlando, Florida, United States Aerocare is a provider of oxygen, respiratory, sleep, and other chronic therapy services to patients in the home. AeroCare's patients typically suffer from the chronic obstructive pulmonary disease (COPD), obstructive sleep apnea (OSA), or congestive heart failure (CHF) and require in-home therapy services. Aerocare Holdings, Inc. was founded in 2000 and is based in Orlando, Florida. |
Sell | - |
