Altura Medical sold to Lombard Medical for up to $50.5M
Altura Medical, a venture-backed stent graft developer, has been acquired by Lombard Medical in a deal valued at up to $50.5 million.
Irvine-based Lombard is issuing $15 million of its stock (NASDAQ:EVAR) at $4 a share in connection to the deal, taking on $5.5 million in bank debt and assuming $2.5 million in certain liabilities and transaction-related costs.
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It has also agreed to $27.5 million more in payments tied to milestones being…
Source: bizjournals.com Health Care:Physician Practices headlines - Category: American Health Authors: Cromwell Schubarth Source Type: news