Varian Acquires Calypso Medical Technologies for $10,000,000
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=771045e5-28dd-4512-85f8-6a7fdd7d2e60&Preview=1 -
Date
9/19/2011 -
Company Name
Calypso Medical Technologies -
Mailing Address
2101 Fourth Avenue Seattle, WA 98121 -
Company Description
Calypso Medical Technologies, Inc., was founded in 1999 and is a privately held medical device company located in Seattle, Washington. The Company and its employees are dedicated to enabling physicians with organ motion management solutions that improve delivery of radiation therapy. -
Website
http://www.calypsomedical.com -
Transaction Type
M&A -
Transaction Amount
$10,000,000 -
Transaction Round
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Proceeds Purposes
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M&A Terms
The acquisition, which is anticipated to close in early October subject to the satisfaction of certain closing conditions, provides that Varian will pay approximately $10 million for Calypso plus potential earnouts based on unit sales of Calypso products achieved beyond thresholds over the next 30 months.
