Lombard Medical acquires Altura Medical for stock, debt, and earn-outs
Executive Summary
Lombard Medical Inc. acquired private device company Altura Medical Inc. for stock, debt, and commercial and regulatory milestone payments. The transaction includes the issuance of $15mm in Lombard common stock at $4 per share, $5.5mm in assumed bank debt, and $2.5mm in liabilities. The earn-outs are up to an additional $27.5mm, payable in cash or debt.
Deal Industry
- Medical Devices
-
Medical Devices
-
Surgical Equipment & Devices
- Minimally or Less Invasive
-
Surgical Equipment & Devices
Deal Status
- Final
Deal Type
-
Acquisition
- Full Acquisition
- Includes Earnout
- Payment Includes Stock
Questions?
Please contact Sales at: (212) 520-2765 or email [email protected]
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