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  6. Abbott Acquires CSI

M&A Deal Summary

Abbott Acquires CSI

On February 8, 2023, Abbott acquired medical products company CSI for 890M USD

Acquisition Highlights
  • This is Abbott’s 19th transaction in the Medical Products sector.
  • This is Abbott’s 12th largest (disclosed) transaction.
  • This is Abbott’s 27th transaction in the United States.
  • This is Abbott’s 3rd transaction in Minnesota.

M&A Deal Summary
Date 2023-02-08
Target CSI
Sector Medical Products
Buyer(s) Abbott
Deal Type Add-on Acquisition
Deal Value 890M USD
Advisor(s) J.P. Morgan Securities (Financial)

Target

CSI

St. Paul, Minnesota, United States
Entrance to Cardiovascular Systems' offices in Roseville, Minnesota.
Entrance to Cardiovascular Systems' offices in Roseville, Minnesota.
CSI is a medical device company focused on developing and commercializing minimally invasive treatment solutions for vascular disease. Its primary products include catheter-based platforms, such as the Stealth 360° peripheral artery disease (PAD) System, Diamondback 360° PAD System, and Diamondback Predator 360° PAD System that are used for the treatment of a range of plaque types in leg arteries above and below the knee. CSI was founded in 1989 and is based in St. Paul, Minnesota.

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Buyer(S) 1

Buyer

Abbott

North Chicago, Illinois, United States
Category Company
Founded 1888
Sector Medical Products
Employees114,000
Revenue 42.0B USD (2024)
DESCRIPTION
Entrance to Abbott's corporate campus in Abbott Park, Illinois.
Entrance to Abbott's corporate campus in Abbott Park, Illinois.

Abbott is a diversified, global provider of diagnostics, medical devices, nutrition, and pharmaceuticals. Abbott was founded in 1888 and is headquartered in North Chicago, Illinois.

DEAL STATS #
Overall 34 of 36
Sector: Medical Products M&A 19 of 20
Type: Add-on Acquisition M&A Deals 34 of 36
State: Minnesota M&A 3 of 3
Country: United States M&A 27 of 29
Year: 2023 M&A 1 of 2
Size (of disclosed) 12 of 29
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-02 Walk Vascular

Irvine, California, United States

Walk Vascular is a commercial-stage medical device company with a minimally invasive mechanical aspiration thrombectomy system designed to remove peripheral blood clots. Walk Vascular was founded in 2010 and is based in Irvine, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-05 Bigfoot Biomedical

Milpitas, California, United States

Bigfoot Biomedical is a health solution company focused on optimizing the care of people with T1D by leveraging data, smart devices and people to deliver improved outcomes valued by patients, providers and payers. Bigfoot Biomedical was founded in 2014 and is based in Milpitas, California.

Buy -
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