Announced
Completed
Financials
Sources
Tags
Friendly
United States
joints treatment
Medical Services
Acquisition
Majority
Private
Domestic
Completed
Single Bidder
Synopsis
Nevro, a provider of pain relief solutions for patients suffering from low back pain and other types of chronic pain, completed the acquisition of Vyrsa Technologies, a provider of a solution to chronic SI joint pain by securely stabilizing the SI joint, for $75m. "The acquisition of Vyrsa leverages Nevro's ability to drive long-term shareholder value by accelerating our key strategic initiatives of commercial execution, market penetration, and profit progress. Vyrsa offers differentiated implants to our current call point of physicians that will help drive growth. We are ecstatic to be able to bring long-term pain relief to the 15-30% of people suffering with chronic low back pain associated with the SI joint2," Kevin Thornal, Nevro CEO.
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