Materialise acquires OrthoView’s surgical planning tools for $12.3M |

Materialise acquires OrthoView’s surgical planning tools for $12.3M

Cursor_and_orthoview_-_Bing_ImagesMaterialise Acquires OrthoView for Up to $12.3M (HealthPointCapital)

website Materialize

website OrthoView

Materialise NV entered into an agreement to acquire the U.K.-based OrthoView Holdings Limited, a leading provider of 2-D digital pre-operative planning and templating solutions for orthopedic surgeons for an enterprise value of up to £7.6 million ($12.3 million), or 2.3x LTM revenues, or approximately 8.2x LTM EBITDA. The transaction closed simultaneously with the signing of the agreement.

Under the terms of the transaction, Materialise acquires OrthoView for a cash payment of £8.5 million ($13.7 million), and a possible additional earn out payment of up to £0.4 million ($0.6 million). At deal completion, OrthoView had an estimated £1.2 million ($1.9 million) in cash & cash equivalents and no financial debt.

OrthoView’s 2-D template platform compliments Materialise’s position in 3-D pre-operative planning tools, giving the company a comprehensive range of services and solutions for 2-D as well as 3-D planning tools for practically any type of medical images, supplemented with the ability to offer corresponding 3-D printed surgical guides and models. Management believes the deal better positions Materialise to provide surgeons and hospitals with more cost-effective patient-specific anatomical models and instrumentation.

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