• Expands MedSurg portfolio into the fast-growing synthetic tissue matrices technology space in acute care settings in the U.S.
  
  
• Accelerates Solventum's business transformation through the acquisition of a strategically aligned asset in a technology adjacency

Solventum announced it has completed the acquisition of Acera Surgical (Acera), a privately held bioscience company focused on developing and commercializing fully engineered materials for regenerative wound care.

"Announcing and completing our first strategic acquisition is a significant milestone and the successful completion of another commitment made as part of our three-phased transformation plan," said Bryan Hanson, chief executive officer of Solventum. "The addition of Acera's innovative synthetic tissue matrix technology complements our existing advanced wound care portfolio, enhancing the solutions our specialized commercial team can provide to clinicians and decision makers in acute care settings. We are excited to welcome the Acera team to the Solventum family and look forward to our work together to accelerate growth and create significant value for patients, clinicians and shareholders."

Solventum has acquired Acera for an upfront cash payment of $725 million, subject to customary purchase price adjustments, and up to $125 million in contingent cash payments based on the achievement of certain future milestones.

The transaction is expected to be slightly dilutive to adjusted earnings per share (EPS) in 2026 and accretive to adjusted EPS beginning in 2027. The transaction is expected to be immaterial to Q4 2025 financial results. Acera is expected to generate approximately $90 million in sales in 2025.

Morgan Stanley & Co. LLC served as Solventum's financial advisor and McDermott Will & Schulte LLP served as its legal advisor. Truist Securities served as financial advisor to Acera and Hogan Lovells US LLP served as its legal advisor.