AMPLITUDE VASCULAR SYSTEMS acquired by STRYKER
Context
Stryker has completed the acquisition of Amplitude Vascular Systems, a private medical device company, which develops a next-generation intravascular lithotripsy (IVL) platform, designed to treat complex peripheral arterial disease, this acquisition represents a significant milestone in the expansion of Stryker's peripheral vascular portfolio, by integrating Amplitude Vascular Systems' innovative technology, which uses carbon dioxide-generated pressure waves, to optimize arterial diameter, while minimizing damage and improving deliverability, treatment speed, and therapeutic efficacy, with the goal of strengthening Stryker's position in peripheral vascular solutions, by offering solutions for physicians and patients, to treat cardiovascular disease, Stryker's strategy is to develop its portfolio of products and services, to improve patient and healthcare outcomes, by offering innovative and integrated solutions, for physicians, hospitals, and patients, financial and legal advisory services were provided by reputable consulting firms, to ensure the success of the operation
AMPLITUDE VASCULAR SYSTEMS, which reported an EBITDA margin of LOGIN in 2026, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Healthcare & Pharma sector (14.8x).
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Target
Amplitude Vascular Systems is a medical device company based in Boston, Massachusetts, focused on treating severely calcified peripheral arterial disease, offering a next-generation intravascular lithotripsy (IVL) platform designed to treat complex peripheral arterial disease, with a business model based on selling innovative medical devices, such as the Pulse System, which uses carbon dioxide-generated pressure waves to optimize arterial diameter, while minimizing damage and improving deliverability, treatment speed, and therapeutic efficacy, with an experienced management team, including Hitinder Gurm, M.D., interventional cardiologist and chief medical officer, and Robert Chisena, Ph.D., chief technical officer, founded in 2017, with the support of global investors, including BioStar Capital, Cue Growth Partners, and others, to address the needs of patients and physicians in the treatment of cardiovascular disease
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Historical Financials (USD)
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REFERENCES
Valuation range: EV 500M - 1.5b USD
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Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).
Press release: view release
Target: amplitude vascular systems
Acquirer: stryker