Medtronic, Inc. Acquires CoreValve for $700,000,000

  • Feed Type
  • Date
    2/25/2009
  • Company Name
    CoreValve
  • Mailing Address
    1 Jenner Irvine, CA 92618
  • Company Description
    CoreValve – which is headquartered in Paris and has R&D facilities in Irvine, California, has developed a proprietary delivery system for percutaneous heart valve replacement, based on a novel catheter-and-self-expanding-frame approach on a beating heart, thus avoiding open-heart surgery.
  • Website
    http://www.corevalve.com
  • Transaction Type
    M&A
  • Transaction Amount
    $700,000,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    The agreement calls for an initial payment of $700 million plus additional payments contingent upon the achievement of agreed milestones.

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