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New Deal


Announced

Completed

Bioventus completed a $15m investment in CartiHeal.

Financials

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Transaction Value£11m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Minority

medical devices

Acquisition

Israel

Medical Equipment

Single Bidder

Cross Border

Private

Completed

Friendly

Synopsis

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Bioventus, which develops and markets orthopedic therapies and diagnostic tools, completed a $15m investment in CartiHeal, an Israel-based developer of the proprietary Agili™-C implant for the treatment of joint surface lesions in traumatic and osteoarthritic joints. "We are pleased Bioventus continues to see value in the Agili-C implant and is making a greater investment to support the completion of the IDE study. We look forward to the work ahead and a successful application for PMA approval," Nir Altschuler, CartiHeal Founder and CEO.

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