M&A
confidence high
sentiment neutral
materiality 0.85
Alkermes completes Avadel acquisition; pro forma net income $13.8M, EPS $0.08
Alkermes plc.
- Acquisition closed Feb 12, 2026; total cash consideration $21.00 per Avadel share plus CVR up to $1.50 per share.
- Financed with $1.525B in new debt: $750M TLA + $775M TLB facilities.
- Pro forma combined revenue $1.755B, net income $13.8M, diluted EPS $0.08 for year ended Dec 31, 2025.
- Preliminary purchase price allocation: $1.795B intangible assets, $429.6M goodwill, $107.7M contingent consideration.
- Avadel contributed $279.1M product sales and $64.7M net income in its fiscal year 2025.