Steel Partners has made an unsolicited cash acquisition proposal for InMode at $16.75 per share, valuing the company at approximately $1.1 billion. InMode, a leading manufacturer of RF microneedling, monopolar RF, and other energy-based aesthetic devices, confirmed receipt of the proposal and initiated a formal review process. The stock initially surged on the bid announcement.
Business & M&A
Steel Partners Bids $16.75 Per Share for InMode — What a Takeover Means for Device Buyers
The PE firm's unsolicited offer values the RF and energy-device maker at roughly $1.1B, triggering shareholder and board review.
1-YEAR MOVE
INMD
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| Ticker | Company | 1-year change |
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| INMD | InMode Ltd. | +1.0% |
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$16.75 per share cash offer values InMode at roughly $1.1B.
For practice owners, a Steel Partners acquisition would likely reshape InMode's go-to-market strategy and pricing. Steel Partners typically pursues operational efficiency and cash extraction post-close, which could mean higher device costs, reduced rebate programs, or tighter financing terms. InMode's current Alle loyalty program and direct-to-practice relationships might face restructuring. The outcome hinges on whether InMode's board accepts, seeks alternative bidders, or negotiates a higher price. Practices should monitor the deal timeline and any changes to device acquisition economics.
Source: original report ↗
Frequently asked questions
What does Steel Partners' $16.75 bid for InMode mean for device pricing?
Steel Partners typically prioritizes operational efficiency and cash extraction post-acquisition, which historically translates to higher device costs and reduced rebate programs for practices. Tighter financing terms and restructuring of loyalty programs like Alle are also likely outcomes that could increase your cost of ownership.
Will InMode's Alle loyalty program change if Steel Partners acquires the company?
InMode's current Alle program and direct-to-practice relationships are likely candidates for restructuring under Steel Partners' operational model. The exact changes depend on the deal's final terms, but practices should prepare for potential modifications to rebates, financing options, or program structure.
How long will the InMode acquisition process take?
InMode's board has initiated a formal review process following the unsolicited proposal, but no timeline has been publicly announced. Practices should monitor company announcements and SEC filings for updates on deal progression, board decisions, or alternative bidders.
What happens if InMode's board rejects Steel Partners' offer?
If rejected, InMode could seek alternative bidders, negotiate a higher price with Steel Partners, or remain independent. Any of these outcomes would affect device pricing and program terms differently, so practices should stay informed on board decisions and competing offers.
Should I lock in InMode device pricing before the acquisition closes?
Given the likelihood of higher costs and reduced rebates post-acquisition, practices considering InMode purchases should evaluate current pricing and financing terms now. Contact your InMode rep to understand any available pre-close pricing protections or multi-year agreements.
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