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Medtronic acquires EPIX Therapeutics for $216mm in cash plus up to $100mm in earn-outs

Executive Summary

Expanding its cardiac ablation portfolio, Medtronic PLC is acquiring private cardiovascular device maker EPIX Therapeutics Inc. (formerly Advanced Cardiac Therapeutics) for of $216mm in cash and $100mm in a product development-based payment triggered upon FDA approval.
Deal Industry
  • Medical Devices
  • Medical Devices
    • Surgical Equipment & Devices
      • Minimally or Less Invasive
Deal Status
  • Final
Deal Type
  • Acquisition
    • Full Acquisition

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