M&A, Medical device

M&A news: BTG acquires Ekos for $220 million

Posted on 28 May 2013

Tags: , ,

BTG has entered into an M&A news agreement to buy EKOS Corporation on a debt free cash free basis for an initial cash consideration of approximately US$180 million and up to US$40 million in future milestone payments.

The rationale for the acquisition of EKOS, a medical device company, and the EkoSonic medical device product,  in M&A news, is:

· Complementary transaction in line with BTG's strategy of growing its interventional medicine business;

· Significant addressable market opportunity in a growing treatment area;

· Differentiated technology protected by granted patents through 2022 with additional filings to 2030 and extensive manufacturing know-how;

· Potential revenue benefits from a shared customer base with BTG's Interventional Medicine and Specialty Pharmaceuticals field forces;

· Enhancement of the planned Varisolve® (PEM) vein clinic field force by accessing in-hospital interventional physicians and vascular surgeons who carry out varicose vein procedures through EKOS's existing sales force;

· Attractive financial impact with an estimated ROI in line with BTG's target for this type of acquisition of 15% to 20% in year five(3)

Daily news stories                                                                           

For further deal information visit Current Agreements (subscription required)


View: Current Partnering’s Partnering Scorecard – view top life science partnering deals by value 

View: Current Partnering’s Deal Metrics – the latest deal trend infographics for life science deal making        

View: Current Partnering’s Big Pharma Deal Making Scorecard – latest trends in big pharma deal making activity                  

View: Current Partnering’s Big Biotech Deal Making Scorecard – latest trends in big biotech deal making activity 

Signup: Current Partnering Dealmakers Update – weekly newsletter providing the latest life science industry deal news, deal making trends, partnering events – sign up now                                

Signup: Current Agreements Deals Review – monthly newsletter - reviewing the previous month’s life science deal making – partnering, M&A and financing – sign up now 

Subscribe: Current Agreements life sciences partnering, M&A and financing deals database – find out more 

Follow us on: LinkedIn Current Partnering | LinkedIn Business Development Network | @Currentpartner on Twitter

Print Friendly, PDF & Email

Leave a Reply