Olympus Corporation acquires Taewoong Medical to enhance GI endotherapy offerings

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Olympus Corporation acquires Taewoong Medical to enhance GI endotherapy offerings

In a major move in the global MedTech industry, Olympus Corporation (Olympus), known for its commitment to improving lives through innovative medical solutions, has officially closed its acquisition of Taewoong Medical Co., Ltd. (Taewoong Medical). This deal, valued at approximately $370 million, positions Olympus at the forefront of the gastrointestinal (GI) EndoTherapy market. Strategic Expansion […]

Olympus to acquire gastrointestinal stents manufacturer Taewoong Medical

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Olympus to acquire gastrointestinal stents manufacturer Taewoong Medical

Olympus Corporation, a Japan-based medtech company, will acquire Taewoong Medical Co., a South Korea-based gastrointestinal stents manufacturer, for up to $370 million (approximately KRW 482 billion) in cash. Under the agreement, Olympus will pay $255.5 million at the closing of the transaction and will make milestone payment of up to $114.5 million. With the proposed […]