M&A Deal Summary

Watermark Medical Acquires SleepMed

On April 11, 2013, Watermark Medical acquired medical products company SleepMed from EW Healthcare Partners

Acquisition Highlights
  • This is Watermark Medical’s 1st transaction in the Medical Products sector.
  • This is Watermark Medical’s 1st transaction in the United States.
  • This is Watermark Medical’s 1st transaction in South Carolina.

M&A Deal Summary
Date 2013-04-11
Target SleepMed
Sector Medical Products
Buyer(s) Watermark Medical
Sellers(s) EW Healthcare Partners
Deal Type Merger
Advisor(s) Edge Healthcare Partners LLC (Financial)

Target

SleepMed

Columbia, South Carolina, United States
SleepMed, Inc. provides Sleep and EEG diagnostic services and a major provider of therapy devices to sleep patients

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Buyer(S) 1

Buyer

Watermark Medical

West Palm Beach, Florida, United States
Category Company
Sector Medical Products
DESCRIPTION

Watermark Medical is a medical device and software platform provider which empowers primary care physicians to prescribe home sleep tests in order to diagnose Obstructive Sleep Apnea (OSA). Watermark Medical is based in West Palm Beach, Florida.

DEAL STATS #
Overall 1 of 1
Sector (Medical Products) 1 of 1
Type (Merger) 1 of 1
State (South Carolina) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1

Seller(S) 1

SELLER

EW Healthcare Partners

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1985
PE ASSETS 3.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Essex Woodlands Health Ventures is a growth equity and venture capital specialist investment firm focused on opportunities across the healthcare sector. Specific areas of interest include biotechnology, pharmaceuticals, medical devices, and healthcare services/IT. Historically, Essex invested primarily in early and later-stage situations; however, today the firm also makes growth capital investments between $20 - $60 million in companies valued between $50 - $250 million, as well as private investments in public entities (PIPEs). Essex Woodlands was formed in 1985 and offices in Palo Alto, California; New York City; Houston, Texas; Shanghai and London.

DEAL STATS #
Overall 32 of 53
Sector (Medical Products) 17 of 24
Type (Merger) 2 of 3
State (South Carolina) 1 of 1
Country (United States) 28 of 46
Year (2013) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-01 Velcera

Yardley, Pennsylvania, United States

Velcera, Inc. develops pet medicines in pain management, anti-allergy and parasiticides that can provide superior convenience and greater compliance than traditional products.

Sell $160M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-09 Suneva Medical

San Diego, California, United States

Suneva Medical is a privately-held aesthetics company focused on developing, manufacturing and commercializing novel, differentiated products for the general dermatology and aesthetic markets. Suneva Medical was founded in 2009 and is based in San Diego, California.

Buy -
Mergr

Product

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