On August 22, 2024, Getinge announced that it had entered into an agreement to acquire Paragonix Technologies, Inc., a leading U.S. company in organ transport products and services, for a total purchase price estimated at USD 477 million, including upfront and currently estimated earn-outs. All conditions for the transaction have now been fulfilled, whereupon the transaction has been completed. Getinge paid approximately USD 253 million in cash upon completion of the acquisition, on a cash and debt free basis. The earn-out payments are expected to be paid between 2024 and 2026 if agreed upon regulatory and financial performance milestones are achieved and may exceed USD 224 million in aggregate.
Read the full article: Getinge Completes the Acquisition of Paragonix Technologies //
Source: https://www.prnewswire.com/news-releases/getinge-completes-the-acquisition-of-paragonix-technologies-302245117.html