M&A Deal Summary

SunTech Medical Group Acquires CAS Medical Systmes - Non-invasive Blood Pressure Monitoring Product

On July 26, 2017, SunTech Medical Group acquired medical products company CAS Medical Systmes - Non-invasive Blood Pressure Monitoring Product from CAS Medical Systems for 5M USD

Acquisition Highlights
  • This is SunTech Medical Group’s 1st transaction in the Medical Products sector.
  • This is SunTech Medical Group’s largest (disclosed) transaction.
  • This is SunTech Medical Group’s 1st transaction in the United States.
  • This is SunTech Medical Group’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2017-07-26
Target CAS Medical Systmes - Non-invasive Blood Pressure Monitoring Product
Sector Medical Products
Buyer(s) SunTech Medical Group
Sellers(s) CAS Medical Systems
Deal Type Divestiture
Deal Value 5M USD

Target

CAS Medical Systmes - Non-invasive Blood Pressure Monitoring Product

Branford, Connecticut, United States
CAS Medical Systmes, Inc. - Non-invasive Blood Pressure Monitoring Product includes MAXNIBP® and MAXIQ™ technology, which are supplied by CASMED through OEM agreements to various companies throughout the world.

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Buyer(S) 1

Buyer

SunTech Medical Group

Eynsham, United Kingdom
Category Company
Founded 2000
Sector Medical Products
Revenue 23M USD (2011)
DESCRIPTION

SunTech Medical Group Ltd. is a pre-eminent supplier of clinical grade non-invasive blood pressure monitoring products and technologies.

DEAL STATS #
Overall 1 of 1
Sector (Medical Products) 1 of 1
Type (Divestiture) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

CAS Medical Systems

Branford, Connecticut, United States
Category Company
Founded 1984
Sector Medical Products
Employees76
Revenue 18M USD (2017)
DESCRIPTION

CAS Medical Systems, Inc. is a designer, manufacturer, and marketer of FORE-SIGHT Tissue Oximetry., CAS Medical Systems was founded in 1984 and is based in Branford, Connecticut.

DEAL STATS #
Overall 2 of 3
Sector (Medical Products) 2 of 3
Type (Divestiture) 2 of 3
State (Connecticut) 1 of 1
Country (United States) 2 of 2
Year (2017) 1 of 2
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-29 CAS Medical Systmes - Neonatal Product Line

United States

CAS Medical Systmes - Neonatal Product Line includes Klear-Trace® electrodes and NEOGUARD® disposable temperature probes, reflectors, and arm boards.

Sell $3M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-07 Cardio Systems Commercial and Industrial

São Paulo, Brazil

Cardio Systems Commercial and Industrial Ltda designs and manufactures ambulatory ECG recorders and ambulatory blood pressure monitors to Brazilian healthcare providers. These devices are used by cardiologists and general practitioners to diagnose and prevent heart and blood vessel related diseases like hypertension, diabetes, heart attacks, and heart arrhythmias. These products are similar or complementary to patient assessment devices currently manufactured and marketed by Halma's Medical sector.

Sell R$55M
Mergr

Product

Company

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