Deal summary from Strategic Transactions - September 2008
Getinge AB has acquired fellow cardiovascular device company Datascope for $53 per share (a 5% premium), for a total of $841mm in cash.
Deal summary from Strategic Transactions - September 2008
Getinge has acquired several cardiovascular device companies in the past few years, including Boston Scientific's cardiac surgery and vascular surgery businesses and open-heart surgery specialist Jostra. Datascope, which was formed in 1964, has been selling off sections of itself over the last year-and-a-half. Merit Medical bought its ProGuide product line, Mindray--the patient monitoring unit, Sorin Group--the peripheral vascular stent business, and St. Jude Medical--vascular closure devices. Datascope, which had 2008 sales of $231mm (up about 8% from last year) and about $250mm in cash on hand, is currently selling intra-aortic balloon counterpulsation therapies and vascular grafts and peripheral stents. The company will now function as a subsidiary of Getinge.
Also Featured This Week:
Acquisition
- Getinge AB buys Datascope for $841mm in cash · September 2008
- Tronics Microsystems buys MedTech Development · September 2008
Alliance
- Celling distributes ThermoGenesis's MarrowXpress · September 2008
- Coloplast agrees to sell S&N's Replicare in Japan · September 2008
Financing
- EMKinetics closes its $500k Series A round · September 2008
- Interlace Medical brings in $7mm through its Series B · September 2008
- Microfabrica closes $22.5mm Series B round · September 2008
- Signalife sells Series B preferred shares · September 2008
- JumpStart contributes $380k to Freedom Meditech's Series A · September 2008
- Series A for neuromodulation firm Nevro brings in $21.8mm · September 2008
- Series B results in $17.5mm for ArKal Medical · September 2008
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