Add-on Acquisition • Medical Products

Abiomed Acquires preCARDIA

On June 1, 2021, Abiomed acquired medical products company preCARDIA

Acquisition Context
  • This is Abiomed’s 4th transaction in the Medical Products sector.
  • This is Abiomed’s 1st transaction in the United States.
  • This is Abiomed’s 1st transaction in Minnesota.

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M&A Deal Summary

Date June 1, 2021
Target preCARDIA
Sector Medical Products
Buyer(s) Abiomed
Deal Type Add-on Acquisition

Target Company

preCARDIA

St. Paul, Minnesota, United States
preCARDIA provides patients’ quality of life through pioneering clinically advanced technology that offers an alternative solution for physicians and their patients suffering from ADHF. preCARDIA was founded in 2017 and is based in St. Paul, Minnesota.
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Buyer Overview 1

Buyer

Abiomed

Danvers, Massachusetts, United States

Category Company
Founded 1981
Sector Medical Products
Employees1,725
Revenue 1.0B USD (2022)
DESCRIPTION

Abiomed is a cardiovascular device company. Abiomed develops, manufactures, and markets medical products designed to establish recovery's as the standard of care for acute patients. Abiomed was formed in 1981 and is based in Danvers, Massachusetts.


Deal Context for Buyer #
Overall 4 of 4
Sector: Medical Products 4 of 4
Type: Add-on Acquisition 4 of 4
State: Minnesota 1 of 1
Country: United States 1 of 1
Year: 2021 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-29 Breethe

Longueuil, Quebec, Canada

Breethe, Inc. is a developer of a novel extracorporeal membrane oxygenation (ECMO) system that will complement and expand Abiomed’s product portfolio to more comprehensively serve the needs of patients whose lungs can no longer provide sufficient oxygenation, including patients suffering from cardiogenic shock or respiratory failures such as due to ARDS, H1N1, SARS, or COVID-19. ECMO has also been utilized as a primary method of oxygenation and hemodynamic support for pediatric patients. Breethe was founded in 2014 and is based in Longueuil, Quebec.

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