Dynamic Healthcare M&A Database

Acquiring Party	ReAble Therapeutics, Inc. (formerly Encore Medical), a diversified rehabilitation and orthopedic device company and an affiliate of The Blackstone Group.
Transferring Party	IOMED, Inc. (Amex:IOX), a leading manufacturer of pain management drug-delivery devices focused primarily on iontophoresis (drug delivery transdermally using electric current to ionize drug molecules and propel them through the skin).
Sector	Medical Devices
Date	August 9, 2007
Analysis This is an add-on acquisition by Blackstone, which acquired ReAble in '06. IOMED's pain management drug delivery devices complement offerings of ReAble's Empi pain management and rehab division. IOMED has a field sales force and sizeable distribution system. ReAble also distributes electrical stimulation and other orthopedic products used for pain management, orthopedic rehabilitation, physical therapy, fitness and sport performance enhancement. Deal value - $22m, on sales of $9.1m (2.4x) and negative EBTIDA.
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Dynamic Healthcare M&A Database - 3Q07