Steel Partners, an existing InMode shareholder, has tabled an unsolicited $16.75-per-share all-cash acquisition proposal, directly challenging a competing CEO-led buyout bid. The move signals serious PE interest in the RF microneedling and energy-device platform at a time when InMode's market valuation reflects investor uncertainty around growth trajectory and competitive positioning.
Business & M&A
Steel Partners Offers $16.75/Share for InMode — Rival Bid Challenges CEO Buyout
Unsolicited cash offer from major shareholder tops competing proposal; device maker's board faces competing valuations.
$16.75 per share all-cash bid from Steel Partners tops competing CEO proposal.
InMode's device portfolio—RF microneedling, fractional CO2, and monopolar RF systems—commands meaningful installed base in independent medspas and dermatology practices, but the company faces margin pressure from both hardware commoditization and the rise of lower-cost RF alternatives. Steel Partners' cash offer, if accepted, would likely trigger a strategic review and potential operational restructuring, including possible SKU rationalization and go-to-market consolidation.
Source: original report ↗
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