Steel Partners Holdings has made an unsolicited cash offer of $16.75 per share to acquire InMode Ltd., the Israeli-listed RF microneedling and energy-device manufacturer. The bid directly challenges a competing CEO-led buyout proposal and signals activist pressure on the company's valuation and strategic direction.
Business & M&A
Steel Partners Bids $16.75 Per Share for InMode — Unsolicited Offer Challenges CEO Buyout
Activist investor Steel Partners launches rival cash offer for the RF microneedling and energy-device maker.
Steel Partners' $16.75-per-share bid challenges the CEO-led alternative and signals activist pressure on device-maker valuations.
InMode's core franchises—Morpheus8 (fractional RF microneedling), Lumenis Ultra (diode laser), and Forma (monopolar RF)—command significant installed bases across North American medspas and dermatology practices. The competing bids underscore investor appetite for consolidated device platforms, particularly as practices consolidate and MSOs scale. The outcome will shape access terms, pricing, and service support for practices currently running InMode equipment.
Source: original report ↗
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