ADDvise Group AB Acquires Graham Medical Technologies (GraMedica)

September 15, 2021

ADDvise Group AB has acquired all outstanding shares of Graham Medical Technologies, LLC (GraMedica) in a deal that closed on September 15, 2021. The purchase price is approximately USD 5.8 million (USD 4.0 million initial payment plus up to USD 1.8 million in earn-outs); GraMedica reported 2020 revenue of about USD 3.35 million and adjusted EBITDA of approximately USD 0.85 million. The acquisition is intended to broaden ADDvise's medical equipment and consumables portfolio and expand its geographic reach.

Buyers
ADDvise Group AB
Targets
Graham Medical Technologies, LLC (GraMedica)
Sellers
Owner (Dr. Michael E. Graham)
Industry
Medical Devices
Location
Michigan, United States
Transaction Type
Buyout

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