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New Deal


Announced

Completed

CONMED completed the acquisition of Biorez for $250m.

Financials

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Transaction Value£204m
Consideration TypeContingent Deferred Consideration, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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medical devices

Friendly

Private

Domestic

Medical Equipment

Acquisition

United States

Single Bidder

Majority

Completed

Synopsis

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CONMED, a medical technology company, completed the acquisition of Biorez, a medical device start-up, for $250m. “The addition of Biorez and its BioBrace platform represents an important step forward for our sports medicine portfolio. BioBrace fits seamlessly into our existing suite of products, and we are excited to advance the next generation of healing in sports medicine. BioBrace represents the type of high-growth, high-margin platform that drives our long-term vision for CONMED," Curt R. Hartman, CONMED Chair of the Board, President, and CEO.

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