M&A Deal Summary

Surgical Science Acquires Simbionix

On July 28, 2021, Surgical Science acquired healthcare services company Simbionix from 3D Systems for 305M USD

Acquisition Highlights
  • This is Surgical Science’s 1st transaction in the Healthcare Services sector.
  • This is Surgical Science’s largest (disclosed) transaction.
  • This is Surgical Science’s 1st transaction in the United States.
  • This is Surgical Science’s 1st transaction in Ohio.

M&A Deal Summary

Date 2021-07-28
Target Simbionix
Sector Healthcare Services
Buyer(s) Surgical Science
Sellers(s) 3D Systems
Deal Type Divestiture
Deal Value 305M USD

Target

Simbionix

Cleveland, Ohio, United States
Simbionix is a 3D virtual reality surgical simulation and training company with 60+ interventional procedures across 8 specialties through 16 simulation platforms. Simbionix was founded in 1997 and is based in Cleveland, Ohio.

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Buyer(S) 1

Buyer

Surgical Science

Gothenburg, Sweden

Category Company
Founded 1997
Sector Medical Products
Employees265
Revenue 883M SEK (2023)
DESCRIPTION

Surgical Science is a manufacturer of virtual reality simulators for evidence-based laparoscopic and endoscopic training. The simulators enable surgeons and other medical specialists to train and improve their psychomotor skills and instrument handling before entering the operating room. In parallel with its own products, Surgical Science works with simulation solutions for medical technology companies that develop surgical instruments for clinical use, such as robotic surgery. Surgical Science was founded in 1997 and is based in Gothenburg, Sweden.


DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Divestiture) 1 of 1
State (Ohio) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

3D Systems

Rock Hill, South Carolina, United States

Category Company
Founded 1986
Sector Machinery
Employees2,032
Revenue 538M USD (2022)
DESCRIPTION
Entrance to 3D Systems' corporate headquarters in Rock Hill, South Carolina.
Entrance to 3D Systems' corporate headquarters in Rock Hill, South Carolina.

3D Systems is a provider of 3D content-to-print solutions including 3D printers, print materials and on-demand custom parts services for professionals and consumers alike. The Company also provides creative content development and design productivity tools. 3D Systems' integrated solutions replace, displace and complement traditional methods and reduce the time and cost of designing new products. 3D Systems was incorporated in 1986 and is based in Rock Hill, South Carolina.


DEAL STATS #
Overall 5 of 6
Sector (Healthcare Services) 1 of 1
Type (Divestiture) 5 of 6
State (Ohio) 2 of 2
Country (United States) 4 of 5
Year (2021) 2 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-01 Quickparts

Seattle, Washington, United States

Quickparts provides custom manufacturing services for engineers and designers looking to create plastic and metal parts from 3D CAD (computer-aided design) models. Quickparts was founded in 1999 and is based in Seattle, Washington.

Sell $82M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-08 Oqton

San Francisco, California, United States

Oqton is a provider of AI-powered manufacturing solutions that allows manufacturers to manage, optimize, and automate their manufacturing workflows. Oqton was founded in 2017 and is based in San Francisco, California.

Buy -