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Volcano Corp. buys Crux Biomedical
Jan 2013
Executive Summary
The same month it netted $445.3mm through a notes offering, Volcano Corp. has agreed to buy closely held minimally invasive cardiovascular device company Crux Biomedical Inc. for $36mm in cash, up to $3.1mm in transaction expenses, and earn-outs, including $3mm if the company gets 510(k) approval by June 30, 2013 for a retrieval device in development. Crux shareholders may receive additional cash payments based on sales (for up to four years post-commercialization).
Deal Industry
-
Medical Devices
- Implantable Devices
-
Surgical Equipment & Devices
- Minimally or Less Invasive
Deal Status
- Final
Deal Type
-
Acquisition
- Includes Earnout
- Full Acquisition
- Payment Includes Cash
- Includes Contract
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Volcano Corp. buys Crux Biomedical
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