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US Surgical buys Progressive Angioplasty Systems

Executive Summary

US Surgical acquired Progressive Angioplasty Systems (coronary stents, restenosis management) for $78mm in stock, including a $3mm milestone payment. PAS may receive an additional $72mm in stock if other milestones and sales objectives are met.
Deal Industry
  • Medical Devices
  • Medical Devices
    • Implantable Devices
Deal Status
  • Final
Deal Type
  • Acquisition
    • Includes Earnout
    • Partial Acquisition
    • Payment Includes Stock

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