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World Heart acquires Edwards Lifesciences' Novacor

Executive Summary

The newly formed US subsidiary of World Heart (implantable cardiovascular devices) has acquired Edwards' (products and services to treat late-stage cardiovascular disease) ventricular assist device operation Novacor (cardiac assist device) for $58mm of its preferred shares. The shares are exchangeable into approximately 24.9% of World Heart common shares.
Deal Industry
  • Medical Devices
  • Medical Devices
    • Surgical Equipment & Devices
Deal Status
  • Final
Deal Type
  • Acquisition
    • Full Acquisition
    • Includes Contract
    • Payment Includes Stock

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