Public Company Healthcare

ADDvise Group AB

Stockholm, Sweden

ADDvise is a supplier of equipment and solutions for healthcare and research facilities. The group offers total solutions through two business units, Lab and Healthcare, including laboratory furnishings, safety ventilation and clean-room/lab apparatus as well as medical devices and consumable materials. The company sells globally and pursues an acquisition strategy to expand geographically and product-wise.

Focus Areas
Laboratory equipment, Medical devices, Laboratory furnishings

Tracked deals

3

3 tracked deals across 2021.

Recent pace

0

0 tracked deals announced in the last 12 months.

Deal mix

Buyout

3 buyout

ADDvise Group AB Acquisition Volume by Year

Last 1 years

Acquisition volume by year Annual acquisition counts for the last 1 years for ADDvise Group AB. 3 2021

Supporting Data

Recent Transactions

  • Buyer
    ADDvise Group AB
    Target
    Southern Life Systems, Inc.
    Seller
    Owners of Southern Life Systems, Inc.
    Industry
    Medical Devices
    Type
    Buyout

    ADDvise Group AB (publ) has completed the acquisition of all shares in Southern Life Systems, Inc. (SLS). The purchase price is approximately USD 11.0 million (USD 7.6m initial cash consideration plus potential earn-outs), financed with ADDvise's own funds; SLS reported about USD 11.56 million revenue and ~USD 1.68 million adjusted EBITDA for 2020.

  • Buyer
    ADDvise Group AB
    Target
    Graham Medical Technologies, LLC (GraMedica)
    Seller
    Owner (Dr. Michael E. Graham)
    Industry
    Medical Devices
    Type
    Buyout

    ADDvise Group AB has acquired all outstanding shares of Graham Medical Technologies, LLC (GraMedica) in a deal that closed on September 15, 2021. The purchase price is approximately USD 5.8 million (USD 4.0 million initial payment plus up to USD 1.8 million in earn-outs); GraMedica reported 2020 revenue of about USD 3.35 million and adjusted EBITDA of approximately USD 0.85 million. The acquisition is intended to broaden ADDvise's medical equipment and consumables portfolio and expand its geographic reach.

  • Buyer
    ADDvise Group AB
    Target
    Medisuite, LLC
    Seller
    Owner of Medisuite LLC
    Industry
    Pharmaceuticals
    Type
    Buyout

    ADDvise Group AB has entered into a share purchase agreement to acquire all outstanding shares of Medisuite, LLC, an online pharmacy based in Cary, North Carolina that specializes in men's health medications. The purchase price is approximately USD 10.3 million (combination of cash, a promissory note and potential earn-outs); closing is expected in August 2021 and the acquisition is financed with ADDvise's own funds.

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