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Thoratec Laboratories acquires Thermo Cardiosystems

Executive Summary

Thoratec Laboratories (circulatory support and vascular graft application devices) has acquired Thermo Electron's Thermo Cardiosystems (implantable left ventricular-assist systems (LVAS)) in a $695mm tax-free stock swap. Thermo Cardiosystems shareholders will receive 0.835 of a newly issued Thoratec share (valued at $18.02, a (pr)95% premium based on the market average) for each share they own. Thoratec will also assume $45mm in debt.
Deal Industry
  • Medical Devices
  • Medical Devices
    • Implantable Devices
    • Surgical Equipment & Devices
Deal Status
  • Final
Deal Type
  • Acquisition
    • Full Acquisition
    • Includes Contract
    • Payment Includes Stock

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