M&A Deal Summary

SurModics Acquires Vetex Medical

On July 6, 2021, SurModics acquired life science company Vetex Medical for 40M USD

Acquisition Highlights
  • This is SurModics’ 3rd transaction in the Life Science sector.
  • This is SurModics’ 2nd largest (disclosed) transaction.
  • This is SurModics’ 2nd transaction in Ireland.

M&A Deal Summary

Date 2021-07-06
Target Vetex Medical
Sector Life Science
Buyer(s) SurModics
Deal Type Add-on Acquisition
Deal Value 40M USD

Target

Vetex Medical

Galway, Ireland
Vetex Medical focused on developing innovative, effective, and efficient solutions for removal of venous thromboembolism to improve clinical outcomes and quality of life for patients. Vetex Medical is based in Galway, Ireland.

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Buyer(S) 1

Buyer

SurModics

Eden Prairie, Minnesota, United States

Category Company
Founded 1979
Sector Medical Products
Revenue 133M USD (2023)
DESCRIPTION

SurModics provides surface modification coating technologies and in vitro diagnostic (IVD) products to the healthcare industry. Its two core businesses include: Medical Device Coatings – lubricious hydrophilic coatings, hemocompatible hydrophilic coatings, and advanced drug delivery systems; and In Vitro Diagnostics (IVD) – immunoassay reagents that improve the performance of in vitro diagnostic tests as well as custom coatings and stabilization products for Molecular Diagnostic applications. Surmodics was founded in 1979 and is based in Eden Prairie, Minnesota.


DEAL STATS #
Overall 6 of 6
Sector: Life Science M&A 3 of 3
Type: Add-on Acquisition M&A Deals 5 of 5
Country: Ireland M&A 2 of 2
Year: 2021 M&A 1 of 1
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-11 NorMedix

Plymouth, Minnesota, United States

NorMedix, Inc. is a medical device design and development company.

Buy $14M