Tech Company M&A Transactions
ReShape Medical Acquisition
Headquartered in San Clemente, ReShape Medical was purchased by EnteroMedics. EnteroMedics said the transaction price was $47 million.
Transaction Overview
Company Name
Acquired By
Announced On
10/9/2017
Transaction Type
M&A
Amount
$47,000,000
M&A Terms
Under the terms of the agreement, the consideration paid by EnteroMedics for ReShape Medical consists of 2,356,729 shares of common stock, 187,772 shares of series C convertible preferred stock (which will be convertible into 18,777,200 shares of common stock upon the receipt of the required approval of EnteroMedics' stockholders under NASDAQ rules), and approximately $5.0 million in cash, which amount will be immediately used to pay ReShape Medical's outstanding senior secured indebtedness and certain transaction expenses of ReShape Medical.
Company Information
Company Status
Acquired or Merged
Industry
Medical Devices & Instruments
Mailing Address
236 Avenida Fabricante 201
San Clemente, CA 92672
USA
San Clemente, CA 92672
USA
Phone
Website
Email Address
Overview
ReShape DuoTM is the first and only non-surgical, dual-intragastric balloon treatment designed for those who want a fast track to weight loss without the risks of surgery or side effects of drugs.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Michael Mangano
Chief Medical Officer
John Lehmann
VP - R & D
Janel Birk
VP - Regulatory Affairs
Mary Lou Mooney
VP - Sales
Mike Moehring
VP - Sales
Amy Scott
Browse more venture capital transactions:
Prev: 10/9/2017: UrbanSitter venture capital transaction
Next: 10/9/2017: Snaps venture capital transaction
Share this article
About Our VC Transactions Data
We do our best to report on every notable VC transaction. All VC database entries on this site are sourced from news reports and company announcements. The information is sourced from VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs