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Volcano buys Novelis for $12mm in cash, plus earn-out

Executive Summary

Volcano (intravascular ultrasound (IVUS), tomography, and functional measurement) has acquired privately held Novelis, a company using ultrasonic visualization technologies to create minimally invasive devices. Volcano will pay about $12mm in cash, plus provide a $3mm cash earn-out payment if an undisclosed regulatory milestone is met.
Deal Industry
  • Medical Devices
  • Medical Devices
    • Diagnostic Imaging Equipment & Supplies
    • Implantable Devices
    • Radiofrequency Devices
    • Surgical Equipment & Devices
      • Minimally or Less Invasive
Deal Status
  • Final
Deal Type
  • Acquisition
    • Full Acquisition
    • Includes Contract
    • Includes Earnout
    • Payment Includes Cash

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