M&A Deal Summary

LivaNova Acquires ImThera Medical

On December 5, 2017, LivaNova acquired medical products company ImThera Medical from Cyberonics for 225M USD

Acquisition Highlights
  • This is LivaNova’s 4th transaction in the Medical Products sector.
  • This is LivaNova’s largest (disclosed) transaction.
  • This is LivaNova’s 3rd transaction in the United States.
  • This is LivaNova’s 1st transaction in California.

M&A Deal Summary
Date 2017-12-05
Target ImThera Medical
Sector Medical Products
Buyer(s) LivaNova
Sellers(s) Cyberonics
Deal Type Divestiture
Deal Value 225M USD

Target

ImThera Medical

San Diego, California, United States
website
ImThera Medical, Inc. is a manufacturer of an implantable device that stimulates multiple tongue muscles via the hypoglossal nerve, which opens the airway while a patient is sleeping. ImThera Medical was founded in 2004 and is based in San Diego, California.

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Buyer(S) 1

Buyer

LivaNova

London, United Kingdom

website

Category Company
Founded 1987
Sector Medical Products
Employees2,900
Revenue 1.0B USD (2022)
DESCRIPTION

LivaNova is a developer of cardiac surgery and neuromodulation products. LivaNova was founded in 1987 and is based in London, the United Kingdom.

DEAL STATS #
Overall 4 of 5
Sector (Medical Products) 4 of 5
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 3 of 4
Year (2017) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-02 Caisson Interventional

Maple Grove, Minnesota, United States

Caisson Interventional LLC is a clinical stage medical device company focused on the design, development and clinical evaluation of a novel transcatheter mitral valve replacement (TMVR) implant with a fully transvenous delivery system. Caisson Interventional LLC was established in 2012 and is headquartered in Maple Grove, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-14 TandemLife

Pittsburgh, Pennsylvania, United States

CardiacAssist, Inc. is a medical device company develops FDA-cleared and CE-marked short-term extracorporeal circulatory support platform. CardiacAssist was founded in 1996 and is based in Pittsburgh, Pennsylvania.

Buy -

Seller(S) 1

SELLER

Cyberonics

Houston, Texas, United States

website

Category Company
Founded 1987
Sector Medical Products
Employees639
Revenue 282M USD (2014)
DESCRIPTION

Cyberonics, Inc. is a medical technology company developer and marketer of VNS Therapy System, which is FDA-approved for the treatment of refractory epilepsy and treatment-resistant depression. The VNS Therapy System uses an implanted medical device that delivers pulsed electrical signals to the vagus nerve. Cyberonics markets the VNS Therapy System in selected markets worldwide.

DEAL STATS #
Overall 1 of 1
Sector (Medical Products) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-20 cerboMed

Erlangen, Germany

Cerbomed GmbH is an innovative medical device company that focuses on neuromodulation.

Buy $2M
Mergr

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