Materialise 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...
