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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
Deal Status
  • Final
Deal Type
  • Acquisition
    • Full Acquisition
    • Includes Earnout
    • Payment Includes Stock

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