Medtronic seeks to buy ATS Medical for $370M

Justine Varieur Cadet | | Cardiovascular Business | Structural Heart Disease
Medtronic has signed a definitive agreement to acquire ATS Medical for the approximate price of $370 million, which includes the purchase of ATS' stock and assumption of net debt.

The Minneapolis-based ATS develops and markets products and services focused on cardiac surgery, including heart valves and cryoablation technology. The company’s Open-Pivot bileaflet mechanical and 3f pericardial valve technology, along with its CryoMaze family of ablation products, are directed toward cardiac surgeons.

Medtronic, also headquartered in Minneapolis, said ATS’ products would be rolled into its cardiovascular unit, if the acquisition is approved.

The transaction is subject to customary closing conditions, including approval by ATS Medical’s shareholders and U.S. and foreign regulatory clearances.

Justine Varieur Cadet

Related Content

Edoxaban could limit blood clots, ‘make life easier’ for heart valve surgery patients
Treating younger patients with TAVR increases risk of death
Self-expanding vs. balloon-expandable TAVR valves: How they compare after 5 years
New data put a spotlight on troubling TAVR trends
How robotic-assisted mitral valve repair compares to conventional surgery
Tricuspid TEER shows clinical efficacy for first time in newest TRILUMINATE data

Around the web

Health Imaging
Use of AI opportunistic screening in CT for cardiovascular disease

Ron Blankstein, MD, professor of radiology, Harvard Medical School, explains the use of artificial intelligence to detect heart disease in non-cardiac CT exams.

Health Imaging
New imaging protocols proposed to curb rise of cardiovascular infections

Eleven medical societies have signed on to a consensus statement aimed at standardizing imaging for suspected cardiovascular infections.

Radiology Business
What does radiology have to do with climate change?

Kate Hanneman, MD, explains why many vendors and hospitals want to lower radiology's impact on the environment. "Taking steps to reduce the carbon footprint in healthcare isn’t just an opportunity," she said. "It’s also a responsibility."

Design by Adaptive Theme
Trimed Popup
Trimed Popup