Add-on Acquisition • Healthcare Services

Covidien Acquires Maya Medical

On May 9, 2012, Covidien acquired healthcare services company Maya Medical for 230M USD

Acquisition Context
  • This is Covidien’s 3rd transaction in the Healthcare Services sector.
  • This is Covidien’s 9th largest (disclosed) transaction.
  • This is Covidien’s 11th transaction in the United States.
  • This is Covidien’s 4th transaction in California.

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M&A Deal Summary

Date May 9, 2012
Target Maya Medical
Sector Healthcare Services
Buyer(s) Covidien
Deal Type Add-on Acquisition
Deal Value 230M USD

Target Company

Maya Medical

Campbell, California, United States
Maya Medical focused on the development of a novel percutaneous catheter for treatment of hypertension, a growing market burdened by a staggering proportion of patients who are unable to effectively control their blood pressure.
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Buyer Overview 1

Buyer

Covidien

Dublin, Ireland

Category Company
Sector Medical Products
Employees38,500
Revenue 10.2B USD (2013)
DESCRIPTION
Covidien office in Plymouth, Minnesota.
Covidien office in Plymouth, Minnesota.

Covidien plc is a global healthcare technology and medical supplies provider. Covidien was formed as a spin-off from Tyco in 2007 and is based in Dublin, Ireland.


Deal Context for Buyer #
Overall 15 of 21
Sector: Healthcare Services 3 of 5
Type: Add-on Acquisition 11 of 17
State: California 4 of 8
Country: United States 11 of 16
Year: 2012 8 of 10
Size (of disclosed) 9 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-01 Newport Medical Instruments

Costa Mesa, California, United States

Newport Medical is a physician-led company, focused solely on the design and manufacture of dependable, life improving ventilators that are affordable for caregivers worldwide. Newport Medical’s products are sold in the United States and more than 115 countries worldwide.

Buy $108M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-02 MindFrame

Irvine, California, United States

MindFrame is dedicated to developing technology that helps doctors provide treatment for their patients suffering from ischemic stroke.The MindFrame™ Therapy System is a breakthrough two-step treatment that delivers rapid reperfusion and clot capture and retrieval. By restoring blood flow quickly, the system is designed to help doctors deliver optimal outcomes.

Buy $75M