ReWalk Robotics Acquires AlterG
August 8, 2023
ReWalk Robotics Ltd. entered a definitive agreement to acquire AlterG, Inc., a maker of Anti-Gravity rehabilitation systems, for approximately $19 million in cash plus potential revenue-based earnouts. The deal—expected to close August 11, 2023—adds AlterG's product lines to ReWalk's neurorehabilitation portfolio to expand commercial scale and accelerate the company's path to profitability; AlterG reported about $20 million in revenue for fiscal 2022.
- Buyers
- ReWalk Robotics Ltd.
- Targets
- AlterG, Inc.
- Industry
- Medical Devices
- Location
- California, United States
- Transaction Type
- Buyout
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