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New Deal


Announced

Completed

Abbott completed the acquisition of Cardiovascular Systems for $890m.

Financials

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Transaction Value£737m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

United States

Medical Equipment

Acquisition

Friendly

Public

Majority

atherectomy system

Domestic

Completed

Synopsis

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Abbott, a medical devices and health care company, completed the acquisition of Cardiovascular Systems, a medical device company with an innovative atherectomy system used in treating peripheral and coronary artery disease, for $890m. "The acquisition of CSI will add new, complementary technologies to Abbott's leading vascular device offerings. CSI has a talented and experienced team and a leading atherectomy system that will allow Abbott to provide physicians more tools to help patients live fuller lives," Lisa Earnhardt, Abbott Executive Vice President of Medical Devices.

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