Koch Industries to Invest Up to $150 Million in Medical Device Company InSightec

Israel-based InSightec develops ultrasound devices that use MRI guidance to target specific body tissues, providing treatment for a variety of conditions

Koch Industries Inc. is leading an investment round of up $150 million in Haifa, Israel-based medical device company Insightec Ltd., the companies announced Thursday.

The deal reflects a valuation of $460 million for InSightec, according to a filing that existing shareholder Elbit Imaging Ltd. submitted Thursday to the U.S. Securities and Exchange Commission.

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