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. Get the free daily TechFlash Silicon Valley newsletter. 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: Source Type: news