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J&J will buy Heartport for $81mm in stock

Executive Summary

J&J has agreed to purchase Heartport Inc. (less invasive and MIS devices for cardiac surgery) for about $81mm in stock. Heartport will become a wholly owned subsidiary and operate as part of the CardioVations division of J&J's surgical device company Ethicon.
Deal Industry
  • Medical Devices
    • Surgical Equipment & Devices
      • Minimally or Less Invasive
Deal Status
  • Final
Deal Type
  • Acquisition
    • Includes Contract
    • Payment Includes Stock
    • Full Acquisition

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