Medtronic Acquires Ardian for $800,000,000

  • Feed Type
  • 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
  • Proceeds Purposes
  • 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.

By posting a comment, you agree to our terms and conditions.