Solta Medical Acquires Sound Surgical Technologies for $40,000,000
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=45a34992-a2e3-4f34-bad3-99d50e259bc7&Preview=1 - Date
1/31/2013 - Company Name
Sound Surgical Technologies - Mailing Address
357 McCaslin Blvd Louisville, CO 80027 - Company Description
Sound Surgical Technologies designs, develops, manufactures and distributes market leading surgical and non-invasive body shaping products that are backed by strong science and clinical efficacy, including the VASER Lipo, VASER Shape, PowerX, TouchView, Origins and VASERsmooth product lines. - Website
Undisclosed
- Transaction Type
M&A - Transaction Amount
$40,000,000 - Transaction Round
- Proceeds Purposes
- M&A Terms
Under the terms of the agreement, Solta will acquire Sound Surgical for $25.5 million in common stock and $5.0 million in cash. In addition to the payments due at closing, Sound Surgical unit holders are entitled to receive up to $9.5 million of contingent payments that would be paid in Solta common stock based on revenue from Sound Surgical products in 2013.
