M&A · Healthcare · Surgical & Medical Instruments & Apparatus
Shockwave Medical, Inc. to acquire Neovasc Inc
Announced Jan 17, 2023 · Closed Apr 11, 2023
Deal value$100MEV $100M
Premium—To unaffected price
EV / Adj. EBITDA—39.3x EV / Revenue
ConsiderationAll cash$27.25 per share
Transaction
- Acquirer
- Shockwave Medical, Inc. (SWAV)
- Target
- Neovasc Inc
- Buyer type
- Strategic
- Offer price per share
- $27.25
- Enterprise value
- $100M
- Status
- Closed Apr 11, 2023
Deal protections
Not yet read from the merger agreement.
Advisors
- To the acquirer
- Not disclosed
- To the target
- Not disclosed
Sector context · Healthcare
- Comparable deals
- 73 in the prior 24 months
- Premium
- Sector median 50.0%
- EV / Adj. EBITDA
- Sector median 20.4x
- Break fee
- Sector median 3.4%
Timeline
- AnnouncedJan 17, 2023
- ClosedApr 11, 2023