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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.

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1-YEAR MOVE
+3%−14%
INMD▲1.0%
1-year price move by ticker
TickerCompany1-year change
INMDInMode Ltd.+1.0%

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.

$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 ↗

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