Getinge AB Buys Datascope For $841mm In Cash
Deal summary from Strategic Transactions - September 2008
Getinge AB has acquired fellow cardiovascular device company Datascope for $53 per share (a 5% premium), for a total of $841mm in cash.
Deal summary from Strategic Transactions - September 2008
Getinge has acquired several cardiovascular device companies in the past few years, including Boston Scientific's cardiac surgery and vascular surgery businesses and open-heart surgery specialist Jostra. Datascope, which was formed in 1964, has been selling off sections of itself over the last year-and-a-half. Merit Medical bought its ProGuide product line, Mindray--the patient monitoring unit, Sorin Group--the peripheral vascular stent business, and St. Jude Medical--vascular closure devices. Datascope, which had 2008 sales of $231mm (up about 8% from last year) and about $250mm in cash on hand, is currently selling intra-aortic balloon counterpulsation therapies and vascular grafts and peripheral stents. The company will now function as a subsidiary of Getinge.
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