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New Deal


Announced

Avertix Medical to go public via a SPAC merger with BIOS Acquisition in a $195m deal.

Financials

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Transaction Value£156m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Reverse Takeover

Domestic

Majority

medical devices

Single Bidder

Medical Equipment

Acquisition

De-SPAC

Private

Pending

Friendly

Synopsis

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Avertix Medical, a company focused on improving long-term management and outcomes of high-risk coronary disease in patients who have survived one or more heart attacks, agreed to go public via a SPAC merger with BIOS Acquisition, a special purpose acquisition company, in a $195m deal. "With its ability to detect early signs of a heart attack and alert patients and healthcare providers, the Guardian System has the potential to transform the approach to cardiac care and improve patient quality of life and outcomes. We are thrilled to join forces with BIOS to accelerate the commercialization, adoption and continued development of the Guardian System. We look forward to leveraging BIOS’ expertise and resources to bring this critical technology to more patients worldwide," Tim Moran, Avertix President and CEO.

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