Convatec Group Acquires Triad Life Sciences
January 28, 2022
Convatec Group Plc has signed a definitive agreement to acquire Triad Life Sciences Inc, a Memphis-based developer and manufacturer of porcine placenta‑derived extracellular matrix products for advanced wound care. The deal, expected to close in Q1 2022 subject to regulatory approvals, values Triad at an initial $125 million with up to $275 million additional contingent/earnout payments tied to milestones and performance.
- Buyers
- Convatec Group Plc
- Targets
- Triad Life Sciences Inc
- Sellers
- Triad Life Sciences, Inc.
- Industry
- Medical Devices
- Location
- Tennessee, United States
- Transaction Type
- Buyout
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