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St. Jude Medical acquires Velocimed
10 May 2005
Executive Summary
St. Jude Medical has agreed to acquire Velocimed (develops, manufactures, and markets interventional cardiovascular devices) for $82.5mm in cash, plus an earnout of up to $180mm. Shareholders may also receive an earnout if the company reaches future revenue targets and gets FDA approval for its Premere patent foramen ovale (PFO) closure system.
Deal Industry
- Medical Devices
-
Medical Devices
- Surgical Equipment & Devices
Deal Status
- Final
Deal Type
-
Acquisition
- Full Acquisition
- Includes Earnout
- Payment Includes Cash
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