VisualSonics sale to SonoSite for $80 million
Represented Visualsonics, a Toronto-based company with high-frequency ultrasound technology, in its sale to SonoSite for $80 million.
Matter Value: CAD 80,000,000
Wednesday, 30 June 2010
Visualsonics, a privately held Toronto-based micro-ultrasound technology firm, has been acquired by SonoSite Inc. (SONO.O), a maker of ultrasound systems, for about $71 million net of cash and debt.
SonoSite expects to benefit from Visualsonics' presence in the pre-clinical market.
Davis LLP represented Visualsonics in the transaction. The team included Sam Schwartz, Eric Belli-Bivar, Mike Richards, David Foulds, Justin Mooney, Andrew Lord and Nicole Kapos of the Toronto office, along with Paul Lailey of the Vancouver office.
Michael S. Richards