Water Street Healthcare Partners has completed its sale of gastrodiagnostic device company Sierra Scientific Instruments to Given Imaging Ltd. (Nasdaq: GIVN). The deal was valued at $35 million in cash.
Given Imaging Ltd (NASDAQ: GIVN) today announced that it has completed its previously announced acquisition of privately-held Sierra Scientific Instruments for $35 million in cash. As a result of the acquisition, Sierra Scientific is now a wholly-owned subsidiary of Given Imaging. Given Imaging acquired Sierra Scientific from Water Street Healthcare Partners, a leading private equity firm focused exclusively on health care.
About Given Imaging Ltd.
Since 2001, Given Imaging has advanced gastrointestinal visualization by developing innovative, patient-friendly tools based on its PillCam® Platform. PillCam® capsule endoscopy provides physicians with natural images of the small intestine via PillCam® SB, the esophagus through PillCam® ESO and the colon with PillCam® COLON [PillCam COLON is not cleared for use in the USA]. The PillCam® capsules are miniature video cameras that patients ingest. Given Imaging’s other capsule products include Agile™ patency capsule, to verify intestinal patency, and Bravo®, the only wireless, catheter-free, 48-hour pH test commercially available for pH testing to assess gastroesophageal reflux disease (GERD). Given Imaging’s products use cutting-edge, wireless technology and advanced software to enable gastroenterologists to visualize diseases of the esophagus, small bowel and colon. All Given Imaging products allow patients to maintain normal activities. Given Imaging’s headquarters, manufacturing and R&D facilities are located in Yoqneam, Israel, with operating subsidiaries in the United States, Germany, France, Japan, Australia and Singapore. For more information, please visit www.givenimaging.com.