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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