M&A · Healthcare · Surgical & Medical Instruments & Apparatus
Catheter Precision to acquire Ra Medical Systems, Inc.
Announced Sep 12, 2022 · Pending Sep 23, 2022
Deal value$267MEV $267M
Premium—To unaffected price
EV / Adj. EBITDA—
ConsiderationAll stock
Transaction
- Acquirer
- Catheter Precision
- Target
- Ra Medical Systems, Inc. (RMED)
- Buyer type
- Strategic
- Offer price per share
- —
- Enterprise value
- $267M
- Status
- Pending Sep 23, 2022
Deal protections
Not yet read from the merger agreement.
Advisors
- To the acquirer
- Not disclosed
- To the target
- Ladenburg Thalmann
Sector context · Healthcare
- Comparable deals
- 60 in the prior 24 months
- Premium
- Sector median 50.0%
- EV / Adj. EBITDA
- Sector median 17.4x
- Break fee
- Sector median 3.4%
Timeline
- AnnouncedSep 12, 2022
- Proxy filedSep 23, 2022
- Definitive proxyPending
- Shareholder votePending
- ClosedPending
Valuation · fairness opinions
Other analysis$0.08$0.12
Discounted cash flow$0.18$0.24
Discounted cash flow$0.09$0.12
Implied value per Ra Medical Systems, Inc. share by analysis · DCF discount rate 23%–27.5%.