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ArthroCare pays $45mm plus earn-outs for ENTrigue Surgical

Executive Summary

Minimally invasive surgical device manufacturer ArthroCare Corp. has acquired privately held ENTrigue Surgical Inc. (instruments for endoscopic sinus surgery) for $45mm up front in cash. ENTrigue also has the right to receive contingent payments for the next five years on each anniversary of deal closing. The earn-outs are dependent upon the growth in ENTrigue’s net product sales in a 12-month period multiplied by a factor (0.6 in the first three years, 1.1 in the fourth, and 1.25 for the fifth).

Deal Industry
  • Biotechnology
  • Medical Devices
  • Medical Devices
    • Biomaterials
    • Implantable Devices
    • Surgical Equipment & Devices
      • Minimally or Less Invasive
Deal Status
  • Final
Deal Type
  • Acquisition
    • Acquisition of Private Biotech
    • Full Acquisition
    • Includes Contract
    • Includes Earnout
    • Payment Includes Cash

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