M&A Deal Summary

St. Jude Medical Acquires MediGuide

On December 22, 2008, St. Jude Medical acquired medical products company MediGuide for 138M USD

Acquisition Highlights
  • This is St. Jude Medical’s 10th transaction in the Medical Products sector.
  • This is St. Jude Medical’s 10th largest (disclosed) transaction.
  • This is St. Jude Medical’s 1st transaction in Israel.

M&A Deal Summary
Date 2008-12-22
Target MediGuide
Sector Medical Products
Buyer(s) St. Jude Medical
Deal Type Add-on Acquisition
Deal Value 138M USD
Advisor(s) Amit, Pollak, Matalon & Co. (APM & Co.)
Morrison & Foerster (Legal)

Target

MediGuide

Haifa, Israel
MediGuide (Delaware, USA & Haifa, Israel) - an Israeli based company (originally spun off from Elbit Systems - NASDAQ: ESLT and got its first investment from Vitalife VC during 2001), is the provider of technology, solutions and applications for intra body navigation and less invasive procedures with a special focus on cardiology. Based on its proprietary gMPS technology, MediGuide brings the ability to navigate gMPS Enabled Devices (catheters, wires and other devices equipped with a sub millimeter gMPS sensor) in the MPS Ready Cathlab environment, co-developed by MediGuide in collaboration with the leading imaging companies.

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Buyer(S) 1

Buyer

St. Jude Medical

Saint Paul, Minnesota, United States

website

Category Company
Founded 1976
Sector Medical Products
Employees18,000
Revenue 5.5B USD (2016)
DESCRIPTION
Entrance to St. Jude Medical's corporate headquarters in St. Paul, Minnesota.
Entrance to St. Jude Medical's corporate headquarters in St. Paul, Minnesota.

St. Jude Medical, Inc. is a medical device manufacturer dedicated to transforming the treatment of most expensive, epidemic diseases. St. Jude Medical five major areas of focus that include heart failure, atrial fibrillation, neuromodulation, traditional cardiac rhythm management and cardiovascular. St. Jude Medical was formed in 1976 and is based in St. Paul, Minnesota.

DEAL STATS #
Overall 10 of 18
Sector (Medical Products) 10 of 17
Type (Add-on Acquisition) 10 of 17
Country (Israel) 1 of 1
Year (2008) 2 of 2
Size (of disclosed) 10 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-07 EP MedSystems

West Berlin, New Jersey, United States

EP MedSystems develops, manufactures and markets a line of products for use in the cardiac rhythm management or electrophysiology market which are used for visualization, diagnosis and treatment of cardiac rhythm disorders.

Buy $92M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-06 LightLab Imaging

Westford, Massachusetts, United States

LightLab Imaging, Inc., based in Westford MA, is the world’s leading manufacturer and marketer of Optical Coherence Tomography (OCT) for coronary imaging applications. LightLab’s OCT systems and imaging catheters are cleared for sale in 40 countries in Europe, Asia, the Middle East and North and South America.

Buy $90M
Mergr

Product

Company

Legal