# Senseonics partners with Ascensia Diabetes Care for Eversense distribution

Senseonics Holdings, Inc. formed a strategic partnership with Ascensia Diabetes Care, making Ascensia the exclusive worldwide distributor of Senseonics' Eversense CGM systems. The agreement includes a financing arrangement with PHC Holdings Corporation for up to $80 million.

- Type: Partnership
- Announced: 2020-08-10
- Value: $80.0M
- Status: announced
- Products: Eversense CGM systems, Eversense XL, continuous glucose monitoring systems
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Senseonics Holdings, Inc.](https://endata.com/companies/49232.md)
- [PHC Group](https://endata.com/companies/2478.md) (investor)
- [Ascensia Diabetes Care](https://endata.com/companies/49233.md) (partner)

## Sources

- [businesswire.com](https://www.businesswire.com/news/home/20200810005677/en), 2020-08-10: "Senseonics Holdings, Inc. today announced the formation of a strategic partnership with Ascensia Diabetes Care (Ascensia), through a commercialization and collaboration agreement, which will make Ascensia the exclusive worldwide distributor of Senseonics’ Eversense® CGM systems."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.