HeartWare International - M&A Summary, Ownership, and Business Overview

Medical ProductsCompany

HeartWare International M&A Summary

HeartWare International has acquired 3 companies of its own. A total of 1 acquisition came from private equity firms. It has also divested 1 asset.

HeartWare International’s largest acquisition to date was in 2013, when it acquired CircuLite for $30M. It’s largest disclosed sale occurred in 2016, when it sold Valtech Cardio to Edwards Lifesciences for $340M. HeartWare International has acquired in 2 different US states, and 2 countries. The Company’s most targeted sectors include medical products (100%).

HeartWare International Ownership

Who owns HeartWare International?

HeartWare International is owned by Medtronic. It was acquired on June 27, 2016.

HeartWare International Business Overview

Where is HeartWare International headquartered?

HeartWare International is headquartered in Framingham, Massachusetts.

What is HeartWare International’s revenue?

HeartWare International disclosed revenue of 262M USD for 2016 and 276M USD for 2015.

How many employees does HeartWare International have?

HeartWare International has 625 employees.

What sector is HeartWare International in?

HeartWare International is a medical products company.

M&A Summary

  • M&A Total Activity4
    • M&A Buy Activity3
    • M&A Sell Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 2
  • M&A Advisors 1

HeartWare International, Inc.

500 Old Connecticut Path,
Framingham, Massachusetts 01701
United States,
(508) 739-0950
www.heartware.com

HeartWare International, Inc. develops and manufactures miniaturized implantable heart pumps, or ventricular assist devices, to treat patients around the world suffering from advanced heart failure. Dedicated to developing new, minimally invasive technologies to revolutionize the treatment of patients with end-stage heart failure, HeartWare has multiple technologies in development to offer progressively less-invasive mechanical circulatory support options. HeartWare's corporate headquarters are located in Framingham, Massachusetts, and the company has technology, operations, manufacturing and distribution centers in Miami Lakes, Florida; Arden Hills, Minnesota; and Hannover, Germany.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 3 - - - - - 3
vol $38M $38M
Sell (0.0/yr) # 1 - - - - - 1
vol $340M $340M
  4

Most Recent M&A

Company Date Value Type
Valtech Cardio Ltd. 2016-11-28 340M USD Divestiture
Yehuda, Israel · www.valtechcardio.com
Valtech Cardio Ltd. 2015-09-01 - Add-on Acquisition
Yehuda, Israel · www.valtechcardio.com
CircuLite, Inc. 2013-12-01 30M USD Add-on Acquisition
Teaneck, New Jersey · www.circulite.net
World Heart Corporation 2012-03-29 8M USD Add-on Acquisition
Salt Lake City, Utah
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Medical Products 3 (100%) 38M (100%) 1 (100%) 340M (100%)
Total 3 $38M 1 $340M

By Geo

State/Country Buy Value Sell Value
Israel 1 - 1 340M
United States 2 38M - -
  Utah 1 8M - -
  New Jersey 1 30M - -
Domestic 2 (67%) 38M (100%) - -
Cross-border 1 (33%) - 1 (100%) 340M (100%)
Total 3 $38M 1 $340M

Top M&A Advisors

Financial Deals
Perella Weinberg Partners
2

Deal Values

buy # Total
< $100M 2 $38M
TOTAL $38M
Largest CircuLite, Inc.
$30M (2013-12-01)
sell # Total
$100M to $1B 1 $340M
TOTAL $340M
Largest Valtech Cardio Ltd.
$340M (2016-11-28)

M&A Connections

Deals
Acquired from
Investor(s)
33%
1 (33%)
Divested to
Strategic(s)
100%
1 (100%)

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