Zimmer-Biomet acquires Cayenne Medical

Multiple is 7.5 X sales - Word on the street says that Zimmer will pay $150M in total earnouts (3 payments) on $20M sales @ Cayenne in the last year. 
 
Zimmer Biomet Enters into Definitive Agreement to Acquire Cayenne Medical (press release)
WARSAW, Ind., April 25, 2016 /PRNewswire/ -- Zimmer Biomet Holdings, Inc. (NYSE and SIX: ZBH), a global leader in musculoskeletal healthcare, announced today that it has entered into a definitive agreement to acquire Scottsdale, Arizona-based Cayenne Medical, Inc. The transaction, which is subject to customary closing conditions, is expected to clos...