Medical Device Manufacturer Bard Acquires Medical Device Company LifeBond
LifeBond was acquired for less than the $60 million it had raised to date, according to one person familiar with the deal
Meir Orbach | 11:24, 15.01.20
New Jersey-based medical device company C. R. Bard Inc. has acquired Israel-based medical device company LifeBond Ltd. for several tens of millions of dollars, according to one person familiar with the matter who spoke to Calcalist on condition of anonymity.
Founded in 2007 and based in Israel's affluent coastal town Caesarea, LifeBond develops medical devices designed to restore and repair tissues to reduce post-operative complications. The company had raised $60 million from investors including Johnson & Johnson Development Corp., Pitango Venture Capital, and GlenRock Israel, according to Pitchbook data.
The company was sold for less than the amount it had raised to date, that person said.
