{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-21-113788","form_type":"8-K","ticker":"TCMD","cik":"0001027838","company_name":"TACTILE SYSTEMS TECHNOLOGY INC","filed_at":"2021-09-08T23:59:59+00:00","discovered_at":"2026-05-14T18:04:16.900003+00:00","generated_at":"2026-06-29T05:03:52.174391+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Tactile Medical acquires AffloVest respiratory therapy business for $80M cash plus up to $20M earn-outs","bullets":["Acquired AffloVest HFCWO vest business from International Biophysics Corp for $80M cash, with up to $20M in earn-outs based on 12-month revenue targets.","Financed with $55M in borrowings ($30M term loan + $25M revolver draw) under amended Wells Fargo credit facility; cash on hand also used.","AffloVest 2021 revenue expected ~$17M; deal to add $5-5.5M revenue from Sept 8 to Dec 31, 2021.","Transaction aligns with 20%+ revenue growth goal, gross margins above 70%, and expanding adjusted EBITDA margins.","Net leverage expected ~1.4x at year-end 2021 and <1.0x at year-end 2022."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-21-113788","json":"https://secwatch.observer/filing/0001104659-21-113788.json","markdown":"https://secwatch.observer/filing/0001104659-21-113788.md","text":"https://secwatch.observer/filing/0001104659-21-113788.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1027838/000110465921113788/0001104659-21-113788-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1027838/000110465921113788/tm2127128d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-29T05:03:52.174391+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}