InMode Confirms Unsolicited Acquisition Proposal from Steel Partners

Key Facts

1InMode's Board of Directors confirmed receipt of an unsolicited acquisition proposal from Steel Partners Holdings L.P.

In a move reflecting increased M&A activity within the med-tech sector, InMode's Board of Directors confirmed the receipt of an unsolicited acquisition proposal from Steel Partners Holdings L.P. According to reports, the board received a formal letter expressing interest in acquiring the company, which the directors must now evaluate to determine the next strategic steps. This development places the firm in a pivotal position regarding its future ownership structure.

The proposal arrives as medical device companies face operational headwinds, with InMode reporting a 15% year-over-year revenue decline in its most recent Q1 earnings report. Compared to peers, InMode has been trading at lower valuation multiples than the sector average, making it a potential target for investment firms like Steel Partners, which manages a diverse portfolio of industrial and financial assets per market data.

Regarding market performance, INMD shares stood at $14.46 (at close July 08, 2026), with a daily trading range between $14.40 and $14.54. Traders are now watching for any official board response regarding the offer's valuation, while broader economic indicators, such as the recently reported ISM Services PMI at 54, continue to influence general risk appetite for growth and tech-oriented equities.