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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