Healthcare | Mergers & Acquisitions

Surpass Medical Acquired by Stryker Corporation

  • TM Capital advised Surpass Medical, Ltd. in its acquisition by Stryker Corporation (NYSE:SYK) in an all cash transaction for $135 million, $100mm upfront  and up to an additional $35 million of milestone payments
  • Stryker, a world leader in orthopedic products and medical specialties,  has built a global platform in innovative neurovascular devices
  • Surpass Medical, based in Tel Aviv, Israel and Miramar, Florida, has developed and commercialized a next-generation flow diversion technology to treat brain aneurysms using a unique mesh design and delivery system
  • Surpass’ NeuroEndoGraft product has a CE Mark in Europe and has an accepted IDE to enroll patients in a US pivotal clinical trial

See Press Release