Highlighted transactions

Healthcare

 

Shanghai Kinetic Medical Co., Ltd.

Piper Sandler served as exclusive buy-side advisor to Shanghai Kinetic Medical Co., Ltd. on its agreed acquisition of elliquence, LLC.

Client Description

Shanghai Kinetic Medical (SHE: 300326), a Chinese publicly-traded medical device company, develops, manufactures, and distributes orthopedic and spine surgery devices in China. It offers kyphoplasty systems, including balloon catheters, tool kits, puncture needles, and medical balloon catheter syringe pumps that are used for the treatment of painful compression fractures caused by osteoporosis in the spine; and plasma radiofrequency surgical systems, such as RF generators and electrodes. The company was founded in 2005 and is headquartered in Shanghai, China.

Counterparty Description

elliquence, LLC designs and develops minimally invasive spine, interventional radiology, pain management, and neurosurgical medical devices. It offers energy source equipment, minimally invasive discectomy systems, bipolar forceps, and bipolar systems for endoscopic/key-hole procedures for targeted pathology treatment. The company also provides radiowave delivery systems, which include needle electrodes, bayonet electrodes, malleable electrodes, and suction coagulators; and radiowave accessories, such as handpieces, footswitches, neutral plates, bipolar cables, and monopolar cables. It has a strong presence in China, the US and other international markets. The company was founded in 1959 and is based in Baldwin, New York.

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