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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