M&A Deal Summary

Edwards Acquires Jomed N.V. - Heart Valve Repair Program

On February 18, 2003, Edwards acquired medical products company Jomed N.V. - Heart Valve Repair Program from Jomed N.V. for 20M USD

Acquisition Highlights
  • This is Edwards’ 2nd transaction in the Medical Products sector.
  • This is Edwards’ 9th largest (disclosed) transaction.
  • This is Edwards’ 1st transaction in the Netherlands.

M&A Deal Summary

Date 2003-02-18
Target Jomed N.V. - Heart Valve Repair Program
Sector Medical Products
Buyer(s) Edwards
Sellers(s) Jomed N.V.
Deal Type Divestiture
Deal Value 20M USD

Target

Jomed N.V. - Heart Valve Repair Program

Ulestraten, Netherlands
Jomed N.V. - Heart Valve Repair Program is a provider of health care products in Netherlands.

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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 2 of 15
Sector (Medical Products) 2 of 12
Type (Divestiture) 2 of 5
Country (Netherlands) 1 of 2
Year (2003) 1 of 3
Size (of disclosed) 9 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-10-01 Baxter International - Cardiovascular Businesss

Japan

Baxter International, Inc. - Cardiovascular Businesss is a manufacturer of medical products for cardio.

Buy $22M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-05-01 Embol-X

Mountain View, California, United States

Embol-X, Inc. is a provider of technology designed to capture emboli, such as blood clots or tissue fragments, thus preventing them from traveling through a patient's bloodstream during cardiac surgery.

Buy -

Seller(S) 1

SELLER

Jomed N.V.

Ulestraten, Netherlands

Category Company
Founded 1977
Sector Medical Products
DESCRIPTION

Jomed N.V. develops, produces, sells, and distributes cardiovascular devices.


DEAL STATS #
Overall 1 of 1
Sector (Medical Products) 1 of 1
Type (Divestiture) 1 of 1
Country (Netherlands) 1 of 1
Year (2003) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-09-04 EndoSonics

Rancho Cordova, California, United States

EndoSonics Corp. engages in the development of devices for the diagnosis and treatment of cardiovascular disease.

Buy -