Divestiture • Medical Products

The Spectranetics Acquires Covidien - Stellarex Drug Coated Balloon

On November 2, 2014, The Spectranetics acquired medical products company Covidien - Stellarex Drug Coated Balloon from Covidien for 30M USD

Acquisition Context
  • This is The Spectranetics’ 3rd transaction in the Medical Products sector.
  • This is The Spectranetics’ 2nd largest (disclosed) transaction.
  • This is The Spectranetics’ 2nd transaction in the United States.

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M&A Deal Summary

Date November 2, 2014
Target Covidien - Stellarex Drug Coated Balloon
Sector Medical Products
Buyer(s) The Spectranetics
Sellers(s) Covidien
Deal Type Divestiture
Deal Value 30M USD

Target Company

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Buyer Overview 1

Buyer

The Spectranetics

Colorado Springs, Colorado, United States

Category Company
Founded 1984
Sector Medical Products
Employees892
Revenue 246M USD (2015)
DESCRIPTION
Entrance to Spectranetics' corporate headquarters in Colorado Springs, Colorado.
Entrance to Spectranetics' corporate headquarters in Colorado Springs, Colorado.

The Spectranetics Corp. is a medical device company. Spectranetics developes, manufactures, and distributes of single-use medical devices used in minimally invasive procedures within the cardiovascular system. Spectranetics Corp. was formed in 1984 and is headquartered in Colorado Springs, Colorado.


Deal Context for Buyer #
Overall 3 of 3
Sector: Medical Products 3 of 3
Type: Divestiture 2 of 2
Country: United States 2 of 2
Year: 2014 2 of 2
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-27 AngioScore

Fremont, California, United States

AngioScore, Inc. is a developer, manufacturer and marketer of cardiovascular, specialty balloons endovascular therapy.

Buy $230M

Seller Profile 1

SELLER

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 Seller #
Overall 4 of 4
Sector: Medical Products 3 of 3
Type: Divestiture 3 of 3
Country: United States 2 of 2
Year: 2014 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-28 Sapheon

Morrisville, North Carolina, United States

Sapheon Inc. is a medical device company developes new approaches and disruptive technologies for the treatment of vascular disease.

Buy -