Steel Partners Offers to Acquire InMode for $16.75 Per Share

Key Facts

In a move reflecting increased M&A activity within the medical technology sector, Steel Partners Holdings has issued a formal offer to acquire 100% of InMode Ltd. shares. The proposal consists of a cash offer at $16.75 per share, as the acquiring firm—a long-standing shareholder—seeks to take the company private. This formal letter has been submitted to InMode's board of directors to evaluate the terms of the all-cash transaction.

This offer arrives as the medical and aesthetic device industry faces operational headwinds, making cash acquisition bids an attractive exit for shareholders seeking immediate liquidity at a premium. Compared to similar sector deals, such as previous medical tech asset acquisitions by firms like Bausch Health, this bid underscores Steel Partners' strategy to gain full operational control away from public market volatility, according to industry reports.

Looking ahead, investors are awaiting the formal response from InMode’s board and whether this will trigger a competitive bidding process. Additionally, the broader economic calendar features key events such as Fed Governor Waller's speech on July 6, 2026, which may influence market sentiment regarding cash-funded merger and acquisition activity.