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Danaher buys ITC from Thoratec for $110mm; terminated

Executive Summary

Thoratec Corp. has agreed to sell its International Technidyne Corp. division (point-of-care diagnostic devices) to Danaher Corp. (medical instrumentation) for $110mm in cash. Shareholders may also receive a $26mm earn-out (paid over a three-year-period) based on sales of ITC's alternate site business unit.
Deal Industry
  • In Vitro Diagnostics
    • Hematology, Coagulation
  • Medical Devices
Deal Status
  • Withdrawn
Deal Type
  • Acquisition
    • Payment Includes Cash
    • Full Acquisition
    • Includes Contract
    • Includes Earnout

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