M&A Deal Summary

ZOLL Medical Acquires Cardiac Science

On June 11, 2019, ZOLL Medical acquired medical products company Cardiac Science from Aurora Resurgence

Acquisition Highlights
  • This is ZOLL Medical’s 6th transaction in the Medical Products sector.
  • This is ZOLL Medical’s 8th transaction in the United States.
  • This is ZOLL Medical’s 1st transaction in Wisconsin.

M&A Deal Summary

Date 2019-06-11
Target Cardiac Science
Sector Medical Products
Buyer(s) ZOLL Medical
Sellers(s) Aurora Resurgence
Deal Type Add-on Acquisition

Target

Cardiac Science

Waukesha, Wisconsin, United States
Cardiac Science Corp. is a developer, manufacturer, and marketer of advanced diagnostic and therapeutic cardiology devices and systems, including automated external defibrillators (AEDs), electrocardiograph devices (ECGs), cardiac stress systems and treadmills, Holter monitoring systems, hospital defibrillators, cardiac rehabilitation telemetry systems, and cardiology data management systems (informatics) that connect with hospital information (HIS), electronic medical record (EMR), and other information systems. Cardiac Science Corp. was founded in 1913 and is based in Waukesha, Wisconsin.

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Buyer(S) 1

Buyer

ZOLL Medical

Chelmsford, Massachusetts, United States

Category Company
Sector Medical Products
DESCRIPTION

ZOLL Medical Corporation develops and markets medical devices and software solutions that help advance emergency care and save lives, while increasing clinical and operational efficiencies. With products for defibrillation and monitoring, circulation and CPR feedback, data management, fluid resuscitation, and therapeutic temperature management, ZOLL provides a comprehensive set of technologies that help clinicians, EMS and fire professionals, and lay rescuers treat victims needing resuscitation and critical care.


DEAL STATS #
Overall 9 of 14
Sector (Medical Products) 6 of 10
Type (Add-on Acquisition) 9 of 13
State (Wisconsin) 1 of 1
Country (United States) 8 of 12
Year (2019) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-04 Golden Hour Data Systems

San Diego, California, United States

Golden Hour Data Systems, Inc. is a provider of RCM services focuses on air transport agencies. Golden Hour is also a developer of emsCharts™ electronic patient care record (ePCR) software. Golden Hour Data Systems was founded in 997 and is based in San Diego, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-18 TherOx

Irvine, California, United States

TherOx, Inc. is focused on improving the treatment of acute myocardial infarction (AMI) and markets systems to deliver SuperSaturated Oxygen (SSO2) Therapy. TherOx is based in Irvine, California.

Buy -

Seller(S) 1

SELLER

Aurora Resurgence

Investor Investor


Category Distressed Investor
Founded 1991
PE ASSETS 550M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Aurora Resurgence is a private equity firm focused on complex or special situation investments. The Firm is associated with private equity group Aurora Capital Group and looks to invest $25 to $100 million of equity or debt capital to support a variety of investment situations including buyouts, carve-outs, recapitalizations, 363 sales, secondary debt purchases, DIP financings, and restructurings. Aurora Resurgence is based in Los Angeles, California.


DEAL STATS #
Overall 8 of 10
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Wisconsin) 1 of 1
Country (United States) 7 of 8
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-02 Alltub

Boulogne-Billancourt, France

Alltub is a manufacturer of collapsible aluminum tubes for the packaging of pharmaceutical, cosmetics, foodstuffs, and industrial products. Alltub was founded in 2005 and is based in Boulogne-Billancourt, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-30 LandCare

Frederick, Maryland, United States

LandCare is a national provider of landscape maintenance services and offers a comprehensive suite of commercial landscaping services, including turf care, irrigation maintenance, color and ground cover, lawn and shrub pest control, mulch, specialty projects, hardscaping, and snow removal. LandCare currently operates 47 branches across 16 states and Washington DC and provides its services to a diverse group of commercial customers, including multi-family housing operators, office/industrial buildings and government facilities.

Sell -