Solventum to Acquire Acera Surgical in $725M Deal to Advance Regenerative Wound Care
Solventum has announced a major move in the advanced wound care space with a definitive agreement to acquire Acera Surgical for $725 million in cash, plus an additional $125 million in contingent payments tied to milestone achievements.
The acquisition marks Solventum’s first tuck-in deal as part of its broader transformation strategy—and positions the company to expand aggressively into the fast-growing regenerative wound care market.
Why Solventum Is Buying Acera Surgical?
Founded in 2013, Acera Surgical has built a strong reputation in synthetic soft-tissue repair through its proprietary electrospinning technology platform. Its flagship Restrata products are already used across U.S. acute care settings to treat complex, hard-to-heal wounds.
The acquisition brings together:
Acera’s innovation engine
Solventum’s leadership in advanced wound care
Strong clinical relationships
A specialized commercial footprint
Together, the companies expect to accelerate the adoption of Restrata and unlock new synergies across Solventum’s global network.
Expanding Solventum’s Advanced Wound Care Portfolio
Solventum CEO Bryan Hanson emphasized that regenerative wound care is a high-growth market with a major unmet need:
“Regenerative wound care is an exciting and fast-growing space, and Acera has innovative technology to meet a significant unmet need in acute wound care.”
He added that the deal:
Strengthens Solventum’s advanced wound care offerings
Adds capabilities in synthetic tissue matrices
Creates new value for clinicians, hospitals, and patients
Aligns with the company’s three-phase transformation plan
Hanson also highlighted that Solventum’s strong balance sheet enabled the company to move decisively—alongside announcing its first share repurchase program.
Financial Highlights of the Deal
Acera revenue outlook for 2025: ~$90 million
EPS impact:
- Slightly dilutive in 2026
- Accretive starting in 2027
Deal financing: Cash on hand (no new debt)
Expected close: First half of 2026, pending customary conditions
The combination is expected to unlock operational and commercial synergies by leveraging:
Solventum's global distribution footprint
Its specialized wound care sales force
Market leadership in negative pressure wound therapy
Strategic Rationale for the Acquisition
Solventum is aiming to strengthen its position at the intersection of:
Health science
Materials science
Data science
Acera’s engineered tissue platforms fit directly into that strategy.
This deal allows Solventum to:
Enter the fast-growing synthetic tissue matrices category
Expand solutions for acute care clinicians
Accelerate innovation in regenerative wound healing
Broaden its footprint in hospitals and surgical centers
Advisors
For Solventum:
Financial: Morgan Stanley & Co.
Legal: McDermott Will & Emery LLP
For Acera:
Financial: Truist Securities
Legal: Hogan Lovells US LLP
About Solventum
Solventum is a healthcare company committed to enabling better, smarter, safer care. Built on decades of scientific innovation, the company focuses on creating breakthrough solutions at the intersection of health, materials, and data science, empowering clinicians and improving patient outcomes.
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