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HeartWare buys CircuLite
25 Sep 2020
Executive Summary
HeartWare International Inc. (HWI; cardiovascular devices) acquired closely held circulatory support systems developer CircuLite Inc. for $30mm, of which $18mm was paid in common shares (230k shares were issued) and $12mm in cash to settle debt and transaction expenses. HWI also agreed to make earn-out payments of up to $320mm based on meeting regulatory and commercialization milestones involving Synergy over the next ten years.
Deal Industry
- Medical Devices
-
Medical Devices
- Implantable Devices
-
Surgical Equipment & Devices
- Minimally or Less Invasive
Deal Status
- Final
Deal Type
-
Acquisition
- Full Acquisition
- Includes Contract
- Includes Earnout
- Payment Includes Cash
- Payment Includes Stock
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Questions?
Questions?
Please contact Sales at: (212) 520-2765 or email [email protected]
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HeartWare buys CircuLite
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