M&A Deal Summary

St. Jude Medical Acquires Thoratec

On July 22, 2015, St. Jude Medical acquired medical products company Thoratec for 3.4B USD

Acquisition Highlights
  • This is St. Jude Medical’s 17th transaction in the Medical Products sector.
  • This is St. Jude Medical’s largest (disclosed) transaction.
  • This is St. Jude Medical’s 15th transaction in the United States.
  • This is St. Jude Medical’s 7th transaction in California.

M&A Deal Summary
Date 2015-07-22
Target Thoratec
Sector Medical Products
Buyer(s) St. Jude Medical
Deal Type Add-on Acquisition
Deal Value 3.4B USD
Advisor(s) Guggenheim Securities (Financial)
Latham & Watkins (Legal)

Target

Thoratec

Pleasanton, California, United States
Thoratec Corporation is a medical device company with a product portfolio for treating advanced heart failure patients. Thoratec develops, manufactures and markets proprietary medical devices used for circulatory support. Thoratec Corporation was established in 1976 and is headquartered in Pleasanton, California.

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Buyer(S) 1

Buyer

St. Jude Medical

Saint Paul, Minnesota, United States
Category Company
Founded 1976
Sector Medical Products
Employees18,000
Revenue 5.5B USD (2016)
DESCRIPTION
Entrance to St. Jude Medical's corporate headquarters in St. Paul, Minnesota.
Entrance to St. Jude Medical's corporate headquarters in St. Paul, Minnesota.

St. Jude Medical, Inc. is a medical device manufacturer dedicated to transforming the treatment of most expensive, epidemic diseases. St. Jude Medical five major areas of focus that include heart failure, atrial fibrillation, neuromodulation, traditional cardiac rhythm management and cardiovascular. St. Jude Medical was formed in 1976 and is based in St. Paul, Minnesota.

DEAL STATS #
Overall 18 of 18
Sector (Medical Products) 17 of 17
Type (Add-on Acquisition) 17 of 17
State (California) 7 of 7
Country (United States) 15 of 15
Year (2015) 2 of 2
Size (of disclosed) 1 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-04 Spinal Modulation

Menlo Park, California, United States

Spinal Modulation, Inc. is a developer of the Axium Neurostimulator System.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-18 St. Jude Medical -Vascular Closure Products

Saint Paul, Minnesota, United States

St. Jude Medical, Inc. -Vascular Closure Products includes Angio-Seal™ and FemoSeal™ vascular closure products. Angio-Seal™ product lines offer healthcare providers an alternative to manual compression for sealing puncture sites on patients who have undergone a catheterization procedure.

Sell -
Mergr

Product

Company

Legal