Acquiring Company
CONMED Corporation
Acquired Company
Biorez, Inc.
Description
CONMED Corporation (NYSE: CNMD) today announced a definitive agreement to acquire privately held Biorez, Inc. (Biorez), on a cash-free, debt-free basis, for cash consideration of $85 million at closing, subject to adjustment, and up to an additional $165 million in growth-based earnout payments over a four-year period. The transaction is expected to be financed through the company's existing credit facility. The transaction is expected to close in early August 2022.
Quick answer
CONMED Corporation is acquiring Biorez, Inc., announced August 1, 2022. CONMED Corporation is based in Tampa Bay, Florida, United States.
- Who acquired Biorez, Inc?
- CONMED Corporation agreed to acquire Biorez, Inc. on August 1, 2022.
- How much did CONMED Corporation pay for Biorez, Inc?
- The deal value was not disclosed.
- What does CONMED Corporation do?
- CONMED is a medical technology company that provides surgical devices and equipment for minimally invasive procedures.
- Where are CONMED Corporation and Biorez, Inc. based?
- CONMED Corporation is based in Tampa Bay, Florida, United States. Biorez, Inc. is based in New Haven, Connecticut, United States.
- Who are the decision-makers at CONMED Corporation?
- Fundz holds 1 contact at CONMED Corporation. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Other recent acquisitions in Medical and Medical Device
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- Conmed Completes Acquisition Of Biorez, Inc. (August 9, 2022)
- Bristol Myers Squibb And Turning Point Therapeutics Announce Expiration Of Hsr Act Waiting Period And Clearance From Federal Cartel Office Of Germany Related To Pending Acquisition Of Turning Point Therapeutics (August 16, 2022)
- Bristol Myers Squibb Completes Acquisition Of Turning Point Therapeutics, Expanding Precision Oncology Portfolio (August 17, 2022)
- Azenta Announces Agreement To Acquire B Medical Systems (August 8, 2022)
- Ao Foundation Acquires Rimasys To Advance The Surgical Education Ecosystem Of The Future (September 13, 2022)
- Boston Scientific Announces Acquisition Of Obsidio, Inc. (August 15, 2022)
Who to call at CONMED Corporation, and when
When CONMED Corporation changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day CONMED Corporation raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at CONMED Corporation, from your own LinkedIn network
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Related People
Frequently asked
Who acquired Biorez, Inc.?
Biorez, Inc. was acquired by CONMED Corporation, based in Tampa Bay. The deal was reported on August 1, 2022. CONMED is a medical technology company that provides surgical devices and equipment for minimally invasive procedures. CONMED Corporation is publicly traded (CNMD) and operates in Manufacturing.
When did CONMED Corporation acquire Biorez, Inc.?
CONMED Corporation's acquisition of Biorez, Inc. was reported on August 1, 2022. CONMED Corporation (NYSE: CNMD) today announced a definitive agreement to acquire privately held Biorez, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Biorez, Inc. do?
Biorez is a New Haven, CT based medical device start-up focused on advancing the healing of soft tissues using its proprietary BioBrace® Implant technology. It is privately held, operating in Biotechnology, and is based in New Haven.
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