Announced
Completed
Financials
Tags
aortic dissections
Domestic
Friendly
Majority
Single Bidder
medical devices
Private
United States
Medical Equipment
Acquisition
Completed
Synopsis
CryoLife, a cardiac and vascular surgery company focused on aortic disease, completed the acquisition of Ascyrus Medical, a developer of the world's first aortic arch remodeling device used for the treatment of acute Type A aortic dissections, for $200m. "We believe the addition of the AMDS to our product offerings will make a meaningful contribution to our future growth as it gives us immediate access to the combined $100+m EU and Canadian markets and has the potential to expand our worldwide addressable market by approximately $540m. AMDS is another highly differentiated device that, when included in our commercial channel, will further solidify our position as a global leader in aortic repair, as it will immediately strengthen our highly competitive product portfolio in Europe," Pat Mackin, CryoLife Chairman, President, and Chief Executive Officer.
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