M&A
confidence high
sentiment neutral
materiality 0.70
Inari Medical, Inc.: M&A transaction — Inari Medical closes LimFlow acquisition; LimFlow reports €20.3M net loss on €938K revenue for 9 months ended Sep 2023
Inari Medical, Inc.
- Acquired LimFlow, developer of TADV system for no-option CLTI patients; deal value undisclosed, announced Oct 2023.
- LimFlow's audited financials: €20.3M net loss on €938K revenue (nine months through Sep 30, 2023); €18.8M loss on €252K revenue (FY 2022).
- As of Sep 30, 2023, LimFlow had €3.1M cash, €1.5M total debt, and accumulated deficit of €101.3M.
- Inari filed pro forma combined financials reflecting the acquisition; no additional guidance on future earnings impact provided.