mynth
04/2023

APRIOMED acquired by HALMA

SWEDEN Life Sciences / Medical Devices EV SEK 100–350M

Context

The successful acquisition of AprioMed by IZI Medical Products represents a tactical expansion of Halma’s healthcare portfolio in the interventional radiology segment. This transaction marks the integration of AprioMed’s highly specialized bone biopsy technology, effectively widening the technical operational depth available to IZI Medical’s global clinical customer base. The strategic rationale centers on the industrial synergy between AprioMed’s minimally invasive instruments and IZI Medical’s established oncology and radiology portfolio, allowing for a more verticalized patient diagnosis solution. By incorporating AprioMed, IZI Medical reinforces its ability to address the increasing demand for cancer diagnosis tools driven by an aging global population. The partnership is designed to leverage IZI Medical’s existing global distribution channels and direct international presence to drive the scaling of AprioMed’s proprietary hardware. This integration facilitates a more robust clinical platform, providing the strategic depth required to navigate the complex evolution of the global healthcare landscape. The move solidifies the group’s standing as a primary enabler of diagnostic precision and manufacturing excellence.

APRIOMED, which reported an EBITDA margin of [members only] in 2022, is valued in this transaction at an EV/EBITDA multiple of [members only], to compare with the average currently observed in the Healthcare & Pharma sector (14.3x).

-> Deep-dive in Healthcare & Pharma market trends

Target

AprioMed operates as a premier engineering and manufacturing entity dedicated to the production of high-precision medical devices for bone biopsy procedures. The organization’s business model centers on a sophisticated proprietary framework for needles and specialized instrumentation utilized within interventional radiology and oncology. A key pillar of its value proposition lies in its technical operational depth in minimally invasive technology, providing physicians with reliable, high-performance tools for complex clinical diagnostics. Strategically, AprioMed focuses on the integration of direct clinical feedback into its design process to ensure procedural safety and extreme accuracy in tissue sampling. By occupying this specialized niche in the diagnostic supply chain, the entity facilitates superior outcomes for global healthcare providers managing cancer and bone-related conditions. The organization prioritizes technical reliability and manufacturing excellence to maintain its standing as an essential partner in the micro-interventional ecosystem.

Ent. Value

SEK 100–350M

Equity Value

[members only]

Multiples

EV / Revenue

2x–6x

EV / EBITDA

[members only]

EV / EBIT

[members only]

Historical Financials (SEK)

Year
Rev
EBITDA
EBIT
2022
SEK 25–50M
[members only]
[members only]
2021
SEK 25–50M
[members only]
[members only]

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REFERENCES

Valuation range: EV SEK 100–350M

Revenue range: SEK 25–50M

EV/Revenue range: 2x - 6x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of APRIOMED by HALMA are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Acquirer: halma