Kyphon to buy St. Francis for $525M, boosting struggling venture firm USVP
Updated
St. Francis Medical Technologies, of Sunnyvale, a company that treats spinal injuries, will be acquired Kyphon of Sunnyvale, for as much as $725 million, the companies said.
This must be especially welcome for Silicon Valley venture firm US Venture Partners, a backer of St. Francis which has performed poorly lately (see data below). This deal comes just as St. Francis was about to go public; the offer was too good for St. Francis’ private investors to… Continue Reading