Company Name Interlace Medical
Mailing Address 139 Newbury Street Framingham, MA 01701
Company Description Interlace’s mission is to improve the lives of women by delivering the most advanced medical devices in the world for treating gynecological diseases and conditions.Organized in 2006, Interlace Medical, Inc. is focused on designing and developing devices for the Interventional Gynecologist to perform office-based procedures to treat diseases and conditions traditionally requiring surgery in the operating room. Until recently, office-based procedural growth has been hampered by the lack of technology and reimbursement. In recent years several office-based gynecology procedures have received favorable reimbursement rates (Sterilization and Endometrial Ablation). Nonetheless, a need persists for safer, less invasive gynecology procedures that can be performed in an office setting.
M&A Terms The purchase price for the transaction was $125 million in cash, subject to adjustment, plus two annual contingent payments. The contingent payments will be payable in cash and each will be calculated as a multiple of the incremental revenue growth over the prior year.