Medical-apparel maker Figs has received a takeover proposal from Story3 Capital Partners, valuing the company at over $1 billion with an offer of $6 per share.

Target Company Overview

Figs (ticker: FIGS) is a leading medical-apparel company specializing in the design and manufacture of high-quality scrubs and other medical clothing. The company has reinvented traditional medical apparel by focusing on both functionality and style, catering to healthcare professionals who seek comfort and modern designs in their uniforms.

Founded in 2013, Figs has established itself as a prominent player in the medical apparel market, with a broad customer base that includes doctors, nurses, and other healthcare professionals. The company's commitment to quality, sustainability, and innovative design has garnered positive attention and loyalty from its users, positioning it as a top choice in the industry.

Industry Overview in the United States

The medical apparel industry in the United States has witnessed significant growth due to the increasing demand for specialized clothing in healthcare settings. As hospitals and clinics continue to priori