Laborie Medical Technologies Acquires Urotronic

October 27, 2023

Laborie Medical Technologies has completed the acquisition of Urotronic, a Plymouth, Minnesota-based developer of the Optilume drug‑coated balloon technology for interventional urology. The deal includes an upfront cash payment (net $232 million to Laborie considering its prior minority stake) and up to $345 million in milestone payments, and brings Urotronic and its employees fully into Laborie to expand Laborie's interventional urology product portfolio globally.

Buyers
Laborie Medical Technologies, Patricia Industries
Targets
Urotronic, Inc.
Industry
Medical Devices
Location
Minnesota, United States
Transaction Type
Buyout

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