.
MergerLinks Header Logo

New Deal


Announced

Completed

Wellington Management led a $150m funding round in Saluda Medical.

Financials

Edit Data
Transaction Value£120m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Completed

Friendly

Single Bidder

Venture Capital

Private Equity

Cross Border

Minority

Acquisition

Private

Medical Equipment

Australia

medical devices

Synopsis

Edit

Wellington Management, an investment firm, led a $150m funding round in Saluda Medical, a global medical device company, with participation from Fidelity Management & Research Company, TPG, Redmile Group, Action Potential Venture Capital and T. Rowe Price Associates. "We are very excited to add two elite healthcare investors to our shareholder base while existing investors continue to support our mission to transform patients' lives with neural sensing technology and revolutionize the field of neuromodulation. With this financing, which follows the recent presentation of our 36-month data, the decision by CMS to grant Evoke TPT payment, and our initial limited commercial release, we are more prepared than ever to fundamentally transform the neuromodulation space with our clinically proven, technologically unrivaled platform," Jim Schuermann, Saluda Medical President and CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US