Merz completes VC-backed Ulthera acquisition

Merz has completed its acquisition of Ulthera, a Mesa, Arizona-based provider of non-surgical lifting and tightening treatments. The value of the transaction is up to $600 million. Ulthera was backed by New Enterprise Associates and Apposite Capital.

PRESS RELEASE

GREENSBORO, N.C.–(BUSINESS WIRE)–Merz and Ulthera, Inc. have finalized a transaction for Merz to acquire the global medical device company, officials announced today. This announcement follows the necessary regulatory review by the U.S. Federal Trade Commission and the U.S. Department of Justice. The addition of Ulthera’s energy device technology complements Merz’s current offerings and expands the specialty pharmaceutical company‘s aesthetics portfolio.

This acquisition, valued at up to $600 million in upfront cash and milestone payments, is the largest in Merz’s history. It represents an important strategic milestone for the company as Merz continues to establish itself as a global leader in the area of aesthetics.

Founded in 2004, Ulthera is a leader in non-surgical lifting and tightening treatments. Using therapeutic ultrasound technology, the Ulthera® System is the first and only ultrasound platform device to receive a skin-lifting indication from the FDA. Earlier this month, Ulthera announced that their proprietary Ulthera® System has received FDA clearance to non-invasively treat the chest to improve lines and wrinkles of the décolleté, in addition to its clearance to lift skin on the brow, neck and under the chin.

About Merz North America
Merz North America is a specialty healthcare company that develops and commercializes innovative, high-quality treatment solutions in aesthetics, dermatology and neurosciences in the U.S. and Canada. Merz North America is an important contributor to the U.S. aesthetics space, offering a well-balanced range of injectable products, including the dermal fillers Radiesse® and Belotero Balance® and the neurotoxin Xeomin® (incobotulinumtoxinA), as well as the NEOCUTIS line of anti-aging and post-procedure skincare products. As part of the Merz Pharma Group of companies, our ambition is to become the most admired, trusted and innovative aesthetics and neurotoxin company. By developing products that improve patients’ health and help them to live better, feel better and look better, we will continue to make significant contributions to the well-being of individuals around the world.

For more information about Merz and the Company’s U.S. product portfolio, please visit www.merzusa.com.

About Ulthera
Ulthera, Inc. is a global, high-growth medical device company pioneering aesthetic and medical applications using its therapeutic ultrasound platform technology. The Ulthera® System is the first and only energy-based device to receive FDA clearance for a non-invasive aesthetic lift indication. It is used in a face and neck procedure known as Ultherapy®, which is cleared to lift skin on the brow, neck and under the chin and to improve lines and wrinkles of the décolleté. Founded in 2004 and based in Mesa, Arizona. Ulthera is a privately held company backed by top-tier venture capital firms New Enterprise Associates and Apposite Capital. For more information, please visit www.Ulthera.com.

 

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