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Lombard Medical acquires Altura Medical for stock, debt, and earn-outs
29 Sep 2020
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
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Lombard Medical acquires Altura Medical for stock, debt, and earn-outs
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