Inogen Has Agreed To Purchase Physio-assist, A France-based Privately-held Company, For $32M; The Total Consideration, If All Milestones Are Achieved, Will Not Exceed $45M
Portfolio Pulse from Benzinga Newsdesk
Inogen, a US-based medical technology company, has agreed to acquire Physio-assist, a privately-held company based in France, for $32M. The total consideration, if all milestones are achieved, will not exceed $45M.
July 13, 2023 | 12:33 pm
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POSITIVE IMPACT
Inogen's acquisition of Physio-assist could potentially expand its market reach and product portfolio, which may positively impact its stock price.
Acquisitions often lead to an increase in stock price due to potential synergies, increased market share, and expanded product offerings. In this case, Inogen's acquisition of Physio-assist could lead to these benefits, hence the positive score.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100