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 close during the second quarter of 2016. The financial terms of the transaction were not disclosed.
The acquisition of Cayenne Medical will strengthen Zimmer Biomet's Sports Medicine capabilities and portfolio of technically advanced soft tissue reconstruction solutions for knee, shoulder and extremities procedures.
"As a market leader in musculoskeletal healthcare, the expansion of our Sports Medicine business with Cayenne Medical's highly successful portfolio represents an exciting growth opportunity and will meaningfully advance our commitment to serving the needs of patients across the full con...
