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New Deal


Announced

Completed

Venus Medtech completed the acquisition of Cardiovalve for $300m.

Financials

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Transaction Value£226m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Health Care Services

Acquisition

Cross Border

Friendly

Private

Israel

Majority

treatment services

Single Bidder

Completed

Synopsis

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Venus Medtech, a Chinese structural heart disease treatment company, completed the acquisition of Cardiovalve, a transcatheter mitral and tricuspid valve treatment company, for $300m. "The successful completion of this cross-border acquisition will have a significant impact on the company's further international development strategy, and we will take this as an opportunity to further consolidate our long-term vision of making international innovation and global presence. Venus Medtech will continue to advance our overall product pipeline to provide innovative devices and services for global doctors and patients," Eric Zi, Venus CEO.

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