(RTTNews) – Zomedica Corp. (ZOM), a veterinary health company, said on Friday it had acquired the Pulse Veterinary Technologies business for $ 70.9 million in an all-cash stock transaction.
Pulse Veterinary Technologies or PulseVet provides electro-hydraulic shock wave technology for the treatment of a wide variety of conditions in veterinary patients. PulseVet technology is used in conditions such as tendon and ligament healing, bone healing, osteoarthritis, chronic pain and wound healing.
According to the company, PulseVet is currently the market leader in the equine space with 1,500 systems actively in use worldwide. She recently launched a new handpiece, the X-Trode, which has an energy output intended for maximum efficiency while no longer requiring patient sedation.
Robert Cohen, CEO of Zomedica, said: “As previously stated, following our fundraising efforts and building a business development capacity, our goal has been to complement our TRUFORMA product platform. and accelerate the growth of Zomedica as a whole, investing it strategically to expand our product offerings, technologies and product development efforts. “
In the agreement, Stifel acted as exclusive financial advisor and Maslon LLP acted as legal advisor to Zomedica.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.