M&A Deal Summary

ATS Medical Acquires CryoCath - Surgical Ablation Business

On June 28, 2007, ATS Medical acquired healthcare services company CryoCath - Surgical Ablation Business from Medtronic CryoCath

Acquisition Highlights
  • This is ATS Medical’s 1st transaction in the Healthcare Services sector.
  • This is ATS Medical’s 1st transaction in Canada.

M&A Deal Summary

Date 2007-06-28
Target CryoCath - Surgical Ablation Business
Sector Healthcare Services
Buyer(s) ATS Medical
Sellers(s) Medtronic CryoCath
Deal Type Divestiture

Target

CryoCath - Surgical Ablation Business

Canada
CryoCath - Surgical Ablation Business is a provider allograft tissue services, and the development of PARSUS blood filtration technology.

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Buyer(S) 1

Buyer

ATS Medical

Minneapolis, Minnesota, United States

Category Company
Founded 1992
Sector Medical Products
Employees245
DESCRIPTION

ATS Medical, Inc., engages in the development, manufacture and marketing of medical devices for the treatment of structural heart diseases. It offers prosthetic heart valves, such as ATS Open Pivot Heart Valve, as well as ATS 3F Aortic Bioprosthesis, a biological replacement aortic heart valve and heart valve repair products. The company also markets and sells surgical cryoablation products for the treatment of cardiac arrhythmias, and it is developing minimally invasive and off-pump aortic valve concepts.


DEAL STATS #
Overall 2 of 2
Sector: Healthcare Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Canada M&A 1 of 1
Year: 2007 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-24 3F Therapeutics

Lake Forest, California, United States

3F Therapeutics, Inc. is an early stage medical device company emerging field of minimally invasive beating heart tissue valve replacement.

Buy -

Seller(S) 1

SELLER

Medtronic CryoCath

Montreal, Quebec, Canada

Category Company
Founded 1994
Sector Healthcare Services
DESCRIPTION

Medtronic CryoCath LP is a developer and manufacturer of cryotherapy products.


DEAL STATS #
Overall 1 of 1
Sector: Healthcare Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Canada M&A 1 of 1
Year: 2007 M&A 1 of 1