Medtronic Acquires Ardian for $800,000,000
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=17bb26d1-eff2-4988-a9a8-bd21646bfa58&Preview=1 -
Date
11/22/2010 -
Company Name
Ardian -
Mailing Address
1810A Embarcadero Road Palo Alto, CA 94303 -
Company Description
Ardian is in development on a congestive heart failure medical device. -
Website
http://www.ardian.com -
Transaction Type
M&A -
Transaction Amount
$800,000,000 -
Transaction Round
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Proceeds Purposes
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M&A Terms
The agreement calls for Medtronic to make an up front cash payment of $800 million, plus commercial milestones equal to the annual revenue growth through the end of Medtronic’s fiscal year 2015.
