M&A Deal Summary

Edwards Acquires CAS Medical Systems

On February 12, 2019, Edwards acquired medical products company CAS Medical Systems for 100M USD

Acquisition Highlights
  • This is Edwards’ 10th transaction in the Medical Products sector.
  • This is Edwards’ 5th largest (disclosed) transaction.
  • This is Edwards’ 9th transaction in the United States.
  • This is Edwards’ 1st transaction in Connecticut.

M&A Deal Summary
Date 2019-02-12
Target CAS Medical Systems
Sector Medical Products
Buyer(s) Edwards
Deal Type Add-on Acquisition
Deal Value 100M USD
Advisor(s) William Blair (Financial)
Wiggin and Dana (Legal)

Target

CAS Medical Systems

Branford, Connecticut, United States
CAS Medical Systems, Inc. is a designer, manufacturer, and marketer of FORE-SIGHT Tissue Oximetry., CAS Medical Systems was founded in 1984 and is based in Branford, Connecticut.

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Buyer(S) 1

Buyer

Edwards

Irvine, California, United States
Category Company
Founded 1958
Sector Medical Products
Employees19,800
Revenue 6.0B USD (2023)
DESCRIPTION
Entrance to Edwards Lifesciences' corporate headquarters in Irvine, California.
Entrance to Edwards Lifesciences' corporate headquarters in Irvine, California.

Edwards is focused on technologies that treat structural heart disease and critically ill patients. The Company is engaged in the development and commercialization of heart valve therapies. Edwards was founded in 1958 and is based in Irvine, California.

DEAL STATS #
Overall 13 of 15
Sector (Medical Products) 10 of 12
Type (Add-on Acquisition) 7 of 9
State (Connecticut) 1 of 1
Country (United States) 9 of 11
Year (2019) 1 of 1
Size (of disclosed) 5 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-06 Harpoon Medical

Baltimore, Maryland, United States

Harpoon Medical, Inc. is a medical technology company pioneering beating-heart repair for degenerative mitral regurgitation (DMR). Harpoon Medical is based in Baltimore, Maryland.

Buy $100M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-03 Critical Care

Irvine, California, United States

Critical Care is a provider of advanced patient monitoring with advanced AI algorithms serving millions of patients globally. Critical Care is based in Irvine, California.

Sell $4.2B
Mergr

Product

Company

Legal