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
Questions?
Please contact Sales at: (212) 520-2765 or email [email protected]
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