| |
 |
       |
  |
    |
|
| |
|
|
SELECTED HEALTHCARE TRANSACTIONS |
|
 |
CLIENT
Angiolink Corporation
INDUSTRY
Medical device company focused on developing innovative wound closure solutions for vascular procedures
SUMMARY
Angiolink retained Stonebridge to deliver a fairness opinion in connection with its merger with Medtronic.
|
TRANSACTION TYPE
Fairness opinion
BUYER
Medtronic
DEAL SIZE
Not disclosed |
 |
CLIENT
Gamera Bioscience Corporation
INDUSTRY
Personal diagnostics systems for decentralized laboratory testing
SUMMARY
Stonebridge assisted Gamera in raising private equity capital from leading venture capital investors.
|
TRANSACTION TYPE
Private placement
DEAL SIZE
$4.5 million Series A Convertible Preferred Stock |
 |
CLIENT
IGEN, Inc.
INDUSTRY
Develops, manufactures and markets diagnostic systems using electrochemiluminescence technology to the point-of-care and life science research markets
SUMMARY
Stonebridge was retained by a Special Committee of IGEN to explore and evaluate a strategic transaction with an affiliated company.
|
TRANSACTION TYPE
Financial advisory |
 |
CLIENT
InterSystems Corporation
INDUSTRY
Developer of database and applications development software used in the healthcare industry
SUMMARY
InterSystems retained Stonebridge to assist in the valuation and structuring of the acquisition of Digital's DSM database product line.
|
TRANSACTION TYPE
Buy-side advisory
SELLER
Digital Equipment Corporation
DEAL SIZE
Not disclosed |
 |
CLIENT
NABI Biopharmaceuticals
INDUSTRY
Develops and manufactures products and vaccines for diseases of the immune system.
SUMMARY
A longstanding client, Nabi retained Stonebridge to assist the company in the acquisition of the PhosLo product line from Braintree Laboratories.
|
TRANSACTION TYPE
Buy-side advisory
SELLER
Braintree Laboratories
DEAL SIZE
$100 million |
|
CLIENT
NABI Biopharmaceuticals
INDUSTRY
Develops and manufactures products and vaccines for diseases of the immune system.
SUMMARY
Stonebridge served as financial advisor and placement agent to finance the buyback of NABI preferred and common stock and certain assets held by an affiliated entity.
|
TRANSACTION TYPE
Private placement
DEAL SIZE
$19.5 million, comprising senior debt, subordinated debt with warrants, and common stock |
 |
CLIENT
NMT Medical, Inc.
INDUSTRY
Advanced medical devices
SUMMARY
Upon receiving an offer to purchase its vena cava product line, NMT hired Stonebridge to assist in the evaluation of the offer and negotiate and structure the transaction.
|
TRANSACTION TYPE
Sell-side advisory/fairness opinion
BUYER
C.R. Bard
DEAL SIZE
Not disclosed |
 |
CLIENT
PhotoDetection Systems, Inc.
INDUSTRY
Developer of large-bore positron emission tomography imagers for radiation therapy and diagnostic applications
SUMMARY
Stonebridge managed a dual track process with a potential acquirer and with a potential development partner. When the company elected to pursue the development approach, Stonebridge assisted the structuring and negotiating of the development agreement with a global medical imaging company.
|
TRANSACTION TYPE
Development funding
PARTNER
Not disclosed
DEAL SIZE
Not disclosed |
 |
CLIENT
The Standish Care Company
INDUSTRY
Operator of assisted living communities on the East Coast
SUMMARY
Standish retained Stonebridge to advise the company in evaluating, negotiating, and structuring a reverse merger with CareMatrix.
|
TRANSACTION TYPE
Sell-side advisory/ fairness opinion
BUYER
CareMatrix Corporation
DEAL SIZE
Not disclosed |
 |
CLIENT
ThermoLase Corporation
INDUSTRY
Developer of laser technology used in hair removal, skin resurfacing, and transdermal drug delivery
SUMMARY
Stonebridge represented ThermLase in evaluating and negotiating a take private transaction with Thermo Election, its majority shareholder.
|
TRANSACTION TYPE
Sell-side advisory/ fairness opinion
BUYER/SELLER
Therm Electron Corporation
DEAL SIZE
Not disclosed |
 |
CLIENT
Verax
INDUSTRY
Developer of tests for the detection of bacterial contamination in platelets intended for transfusion
SUMMARY
Stonebridge was retained to pursue a dual-track process to either sell the company or alternatively enter into a distribution agreement. Stronebridge ran a competitive auction for both processes, and ultimately negotiated a multi-year distribution agreement with upfront fees with Abbott Laboratories.
|
TRANSACTION TYPE
Financial advisory
PARTNER
Abbott Laboratories |
 |
CLIENT
Zmed, Inc.
INDUSTRY
Manufactures and distributes image guided patient positioning systems for radiation oncology and stereotactic radiation therapy
SUMMARY
After being approached by Varian, Zmed retained Stonebridge to assit the company in evaluating, negotiating and structuring a sale transaction.
|
TRANSACTION TYPE
Sell-side advisory
BUYER
Varian Medical Systems, Inc.
DEAL SIZE
$35.5 million
|
|
|
|
|
|
 |
|
