M&A · Healthcare · Surgical & Medical Instruments & Apparatus
electroCore, Inc. to acquire NeuroMetrix, Inc.
Announced Dec 17, 2024 · Closed May 1, 2025
Deal value—
Premium—To unaffected price
EV / Adj. EBITDA—
ConsiderationAll cash
Transaction
- Acquirer
- electroCore, Inc. (ECOR)
- Target
- NeuroMetrix, Inc. (NURO)
- Buyer type
- Strategic
- Offer price per share
- —
- Enterprise value
- —
- Status
- Closed May 1, 2025
Deal protections
- Break fee (target pays)
- $0.5M
- Reverse fee (buyer pays)
- —
- Go-shop
- —
- Financing
- —
Advisors
- To the acquirer
- Not disclosed
- To the target
- Not disclosed
Sector context · Healthcare
- Comparable deals
- 92 in the prior 24 months
- Premium
- Sector median 67.0%
- EV / Adj. EBITDA
- Sector median 14.5x
- Break fee
- Sector median 3.5%
Timeline
- AnnouncedDec 17, 2024
- Proxy filedJan 30, 2025
- Definitive proxyFeb 14, 2025
- Shareholder voteMar 21, 2025
- ClosedMay 1, 2025