Accelmed Partners Acquires Bioventus' Bioness Advanced Rehabilitation Business
October 1, 2024
Bioventus has signed a definitive agreement to sell the Advanced Rehabilitation business of its subsidiary Bioness to private equity firm Accelmed Partners for total cash consideration of $45 million (including up to $20 million in earn-outs). The divestiture reduces Bioventus' annual revenue by about $50 million and allows Bioventus to focus on its core business while Accelmed plans to invest in and expand the Bioness rehabilitation product line.
- Buyers
- Accelmed Partners
- Targets
- Advanced Rehabilitation business of Bioness
- Sellers
- Bioventus Inc.
- Industry
- Medical Devices
- Location
- California, United States
- Transaction Type
- Divestiture
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