Investor Consortium Acquires Majority Stake in HistoSonics at $2.25B Valuation

August 10, 2025

HistoSonics, a University of Michigan spin-out developer of the Edison Histotripsy System, sold a majority stake to a consortium led by K5 Global, Bezos Expeditions and Wellington Management in a transaction valuing the company at $2.25 billion. Other investors included Alpha JWC Ventures, Alpha Wave Ventures and Johnson & Johnson’s JJDC; proceeds will be used to accelerate clinical programs and expand the company’s indications and commercial rollout (CEO Mike Blue will become chairman).

Buyers
K5 Global, Bezos Expeditions, Wellington Management, Alpha JWC Ventures, Alpha Wave Ventures, Johnson & Johnson – JJDC, Inc.
Targets
HistoSonics
Sellers
HistoSonics' existing major shareholders
Industry
Medical Devices
Location
Minnesota, United States
Transaction Type
Buyout

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