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New Deal


Announced

Completed

Patient Square Capital completed the acquisition of the remaining stake in Eargo for $53m.

Financials

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Transaction Value£43m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium52%
One Off Charge-

Tags

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Private Equity

Friendly

hearing aids

United States

Medical Equipment

Acquisition

Domestic

Public

Single Bidder

Majority

Completed

Synopsis

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Patient Square Capital, a healthcare investment firm, completed the acquisition of the remaining stake in Eargo, a medical device company for $53m. The transaction is expected to close in the first quarter of 2024 and is subject to customary closing conditions. Upon completion of the transaction, Eargo will become a private company and will no longer be publicly listed or traded on Nasdaq.

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