M&A Deal Summary

Zynex Acquires Kestrel Labs

On December 23, 2021, Zynex acquired medical products company Kestrel Labs for 31M USD

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

M&A Deal Summary
Date 2021-12-23
Target Kestrel Labs
Sector Medical Products
Buyer(s) Zynex
Deal Type Add-on Acquisition
Deal Value 31M USD

Target

Kestrel Labs

Boulder, Colorado, United States
website
Kestrel Labs is a medical device company focused on the research, development, and commercialization of valuable, new, and innovative medical technologies. Kestrel Labs is based in Boulder, Colorado.

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Buyer(S) 1

Buyer

Zynex

Englewood, Colorado, United States

website

Category Company
Founded 1996
Sector Medical Products
Employees768
Revenue 80M USD (2020)
DESCRIPTION

Zynex develops, markets and sells its own design of electrotherapy medical devices used for pain management and rehabilitation as well as developing noninvasive patient fluid and sepsis monitoring systems. Zynex was founded in 1996 and is based in Englewood, Colorado.

DEAL STATS #
Overall 1 of 1
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Colorado) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
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