Novanta agrees to buy Riverpoint Medical for USD 1.2 billion upfront

Novanta Inc

Novanta Inc

NOVT

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  • Novanta to buy Riverpoint Medical from Arlington Capital Partners for USD 1.2 billion cash upfront, with a USD 250 million milestone in Q1 2027.
  • Closing targeted for Q3 2026; Riverpoint to be reported in the Medical Solutions segment.
  • Deal aimed at expanding minimally invasive surgical consumables, doubling recurring medical consumables revenue to about USD 300 million.
  • Financing planned from cash, an existing credit facility, and a recently completed USD 300 million equity raise.
  • Riverpoint expected to deliver about USD 80 million adjusted EBITDA in 2027 including synergies; Novanta targets over USD 80 million cumulative synergies over five years.


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