Solta Medical Acquires Sound Surgical Technologies for $40,000,000

  • Feed Type
  • 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.