Deal Details

EBI Is Acquired by Avista

Healthcare

EBI, a division of Highridge Medical, a portfolio company of H.I.G., sale to Avista

Summary

EBI, LLC (“EBI” or the “Company”), a division of Highridge Medical, a portfolio company of H.I.G. Capital (“H.I.G.”), has been acquired by Avista Healthcare Partners (“Avista”). Terms of the transaction have not been disclosed.

Baird served as exclusive financial advisor to EBI on this transaction.

About

EBI is the pioneer of electrobiology innovations and has been leading the industry for over four decades with the largest portfolio of clinically proven, safe and effective implantable and non-invasive bone growth stimulation solutions to support bone regeneration and healing outcomes. The Company has the broadest bone growth stimulation technology and product portfolio and is the first and only company with both implantable and non-invasive, PMA-approved bone growth stimulation solutions to promote spinal fusion and fracture nonunion healing outcomes. H.I.G. initially acquired EBI as part of the Highridge take-private transaction in April 2024. EBI is headquartered in Parsippany, New Jersey.

Highridge Medical is a global medical device company committed to improving spine care by partnering with the surgeon community to drive innovation. The firm has a strong portfolio supported by extensive clinical evidence including solutions for complex spine, motion preservation and minimally invasive surgery. Highridge Medical is headquartered in Westminster, Colorado.

H.I.G. is a leading global alternative investment firm with ~$69 billion of capital under management. With offices in Miami, Atlanta, Boston, Chicago, Los Angeles, New York and San Francisco in the United States, as well as international affiliate offices in Hamburg, London, Luxembourg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro, São Paulo, Dubai and Hong Kong, H.I.G. specializes in providing both debt and equity capital to middle market companies, utilizing a flexible and operationally focused/value-added approach. Since its founding in 1993, H.I.G. has invested in and managed more than 400 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of $53 billion. H.I.G. is headquartered in Miami, Florida.

Founded in 2005, Avista is a leading private equity firm with over $9 billion invested in 50 growth-oriented healthcare businesses globally. Avista partners with businesses that feature strong management teams, stable cash flows and robust growth prospects – targeting healthcare product and technology businesses with clear scale potential across six sub-sectors experiencing strong tailwinds. The team is supported by a group of seasoned Strategic Executives enhancing the entire investment process through strategic insight, long-term value and sustainable businesses. Avista is headquartered in New York, New York.

Healthcare

EBI, a division of Highridge Medical, a portfolio company of H.I.G., sale to Avista