Tivic Health Acquires Reliefband Product Line from Reliefband Technologies
October 17, 2022
Tivic Health Systems, Inc. (Nasdaq: TIVC) entered a definitive agreement to acquire the Reliefband product line and related assets from Reliefband Technologies, LLC for up to $33.5 million (with up to $1.5 million payable in Tivic restricted common stock). The deal adds FDA-cleared, wearable electronic therapeutics to Tivic’s direct-to-consumer and prescription product portfolio to accelerate revenue growth and expand its bioelectronic medicine offerings.
- Buyers
- Tivic Health Systems, Inc.
- Targets
- Reliefband (product line) / Reliefband Technologies, LLC
- Sellers
- Reliefband Technologies, LLC
- Industry
- Medical Devices
- Location
- Pennsylvania, United States
- Transaction Type
- Divestiture
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