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New Deal


Announced

Completed

JMD Properties completed the acquisition of Stella Diagnostics.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Biotechnology

Friendly

Single Bidder

Majority

patient management

Acquisition

United States

Completed

Private Equity

Synopsis

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JMD Properties, a property management company, completed the acquisition of Stella Diagnostics, a molecular diagnostics-based organization focused on improving patient management strategies. Before the acquisition, an investor in biotech Keystone Capital provided the foundational seed capital for Stella Diagnostics. Financial terms were not disclosed. “Stella Diagnostics is confident that a move into the diagnostic sector of the biotech industry will be beneficial both to our investors and to all those suffering from serious esophageal disease which is an underserved and ever-growing patient population in the U.S. and abroad,” Daniel Wainstein, JMD Properties Chairman of the Board.

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