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Stratus Medical to Acquire Assets of NimbusRF in Investment Led by Med Venture
Tuesday 21 January 2020

21 January 2020 - Utah, US-based medical device company Stratus Medical has completed a private placement to acquire the assets of NimbusRF from Biomerics, to expand in the interventional pain medicine space, the company said.
Terms of the transaction were not disclosed.
Stratus provides growth capital funding to support the continued global expansion of the Nimbus RF Multitined Expandable Electrode for chronic pain. The investment was led by Med Venture Holdings.
Through the acquisition Stratus will accelerate the global sales and marketing efforts of Nimbus and fund development of its new product pipeline.
Nimbus is positioned to become the market leader in the global radiofrequency ablation for chronic pain market.
Stratus Medical is an early commercial stage medical device company focussed on reducing pain and suffering and improving the quality of life for chronic pain patients through innovation.
Med Venture Holdings evaluates, develops, and invests in medical device technologies, products, and services to improve human health and wellness.
Details
Date Published: 21/01/2020
Target: NimbusRF
Country: USA
Sector: Healthcare
Type: LBO
Financing:
Status: Agreed
Vendor: Biomerics
Buyer: Stratus,  Medical
Comment:
Terms of the deal were not disclosed

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