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GTCR to acquire Surmodics, Inc. for $627 Million

PRIVATEMay 29, 2024

Acquiring Company

GTCR

Acquired Company

Surmodics

ChicagoEden PrairieFinancial ServicesFinanceVenture CapitalAngel InvestmentManufacturingBiotechnologyHealth CareMedicalMedical Device

Description

Surmodics, Inc. (Nasdaq: SRDX) has entered into a definitive agreement to be acquired by GTCR for $43.00 per share in cash, representing an approximate equity value of $627 million. The transaction reflects GTCR's extensive expertise and domain knowledge in the healthcare sector and positions Surmodics to continue delivering compelling benefits for physicians, patients, and customers.

Quick answer

GTCR is acquiring Surmodics for $627 million, announced May 29, 2024. GTCR is based in Chicago, Illinois, United States.

How much did GTCR pay for Surmodics?
The reported deal value is $627 million.
What does GTCR do?
GTCR is a leading private equity firm focused on investing in growth and could manage companies.
Where are GTCR and Surmodics based?
GTCR is based in Chicago, Illinois, United States. Surmodics is based in Eden Prairie, Minnesota, United States.
Who are the decision-makers at GTCR?
Fundz holds 1 contact at GTCR. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

GTCR

Location

300 North LaSalle Street

Chicago, Illinois, United States

About

GTCR is a leading private equity firm focused on investing in growth and could manage companies. They specialize in various sectors including financial services and technology. GTCR has a proven track record of acquiring and scaling companies. The firm uses a long-term investment strategy to unlock potential within businesses.

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Frequently asked

Who acquired Surmodics?

Surmodics was acquired by GTCR, based in Chicago. The deal was reported on May 29, 2024. GTCR is a leading private equity firm focused on investing in growth and could manage companies. They specialize in various sectors including financial services and technology. GTCR is privately held and operates in Financial Services.

When did GTCR acquire Surmodics?

GTCR's acquisition of Surmodics was reported on May 29, 2024. Surmodics, Inc. (Nasdaq: SRDX) has entered into a definitive agreement to be acquired by GTCR for $43.00 per share in cash, representing an approximate equity value of $627 million. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Surmodics do?

Surmodics is a leading provider of surface modification technologies for intravascular medical devices and chemical components for in vitro diagnostic immunoassay tests and microarrays. It is privately held, operating in Manufacturing, and is based in Eden Prairie.

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