Bioventus Sells Advanced Rehabilitation to Accelmed Partners
Deal News | Jan 16, 2025 | Reed Smith
In a recent transaction, Bioventus has sold its subsidiary Advanced Rehabilitation to Accelmed Partners, a U.S.-based private equity firm with a focus on HealthTech companies in the lower middle market. Reed Smith served as the legal advisor for Bioventus, with a multidisciplinary team of lawyers contributing to the process. The team, which included members located in New York, Brussels, and Chicago, featured roles ranging from corporate partners to labor and employment associates. This acquisition allows Accelmed Partners to expand its investment portfolio in the HealthTech sector, aligning with its strategy of acquiring commercial-stage companies in the United States.
Sectors
- Private Equity
- HealthTech
- Legal Advisory
Geography
- United States – The transaction involves U.S.-based entities including Accelmed Partners and Bioventus, indicating the geographical focus of the deal.
- Belgium – Reed Smith's Brussels-based partner contributed to the deal, highlighting Belgium's involvement through legal advisory.
Industry
- Private Equity – The acquisition involves Accelmed Partners, a private equity firm, emphasizing the role of PE firms in HealthTech investments.
- HealthTech – Advanced Rehabilitation operates in the HealthTech sector, which is the focus of Accelmed Partners’ investment strategy.
- Legal Advisory – Reed Smith provided legal advisory services, reflecting the importance of legal expertise in M&A transactions.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Bioventus | Selling Company | Company | The company selling Advanced Rehabilitation. |
| Accelmed Partners | Bidding Company | Company | A U.S.-based private equity firm acquiring Advanced Rehabilitation. |
| Advanced Rehabilitation | Target Company | Company | A company in the HealthTech sector being acquired by Accelmed Partners. |
| Reed Smith | Legal Advisor | Company | Provided legal advisory for Bioventus in the sale process. |
| Reed Smith Team | Legal Advisors | People | The team of lawyers from Reed Smith involved in the transaction. |