M&A Deal Summary

Thoratec Acquires Terumo-DuraHeart II Ventricular Assist System

On July 1, 2013, Thoratec acquired medical products company Terumo-DuraHeart II Ventricular Assist System from Terumo for 57M USD

Acquisition Highlights
  • This is Thoratec’s 4th transaction in the Medical Products sector.
  • This is Thoratec’s 4th largest (disclosed) transaction.
  • This is Thoratec’s 1st transaction in Japan.

M&A Deal Summary
Date 2013-07-01
Target Terumo-DuraHeart II Ventricular Assist System
Sector Medical Products
Buyer(s) Thoratec
Sellers(s) Terumo
Deal Type Divestiture
Deal Value 57M USD

Target

Terumo-DuraHeart II Ventricular Assist System

Japan
DuraHeart II ventricular assist system, is an ultra-compact, full-support, centrifugal flow chronic VAD utilizing a unique technology foundation known as "force balance" suspension. The device utilizes primary magnetic forces, balanced by hydrodynamic support, to achieve consistent gaps across the operating range of the pump, independent of pump speed.

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Buyer(S) 1

Buyer

Thoratec

Pleasanton, California, United States
Category Company
Founded 1976
Sector Medical Products
Employees950
Revenue 503M USD (2013)
DESCRIPTION

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.

DEAL STATS #
Overall 4 of 5
Sector (Medical Products) 4 of 5
Type (Divestiture) 3 of 3
Country (Japan) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-03 Levitronix-Medical Business

United States

Levitronix Medical is a provider of magnetically levitated, bearingless mechanical circulatory support products for cardiac and respiratory assist. CentriMag, Levitronix Medical's lead commercial product, is an extracorporeal, centrifugal flow blood pump used for short-term surgical support. Levitronix Medical also manufactures and markets an acute pediatric surgical support system, known as PediMag in the U.S. and PediVAS in international markets.

Buy $110M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-02 Apica Cardiovascular

Galway, Ireland

Apica Cardiovascular is a medical device company dedicated to establishing a new standard of care for transapical access and closure. The Company has developed a novel platform technology, which enables transapical delivery of aortic valves, mitral valves and other devices used in the treatment of Structural Heart Disease.

Buy $75M

Seller(S) 1

SELLER

Terumo

Tokyo, Japan
Category Company
Founded 1921
Sector Medical Products
Employees28,294
Revenue 921.9B JPY (2024)
DESCRIPTION

Terumo is a medical products company. Terumo was founded in 1921 and is based in Tokyo, Japan.

DEAL STATS #
Overall 1 of 1
Sector (Medical Products) 1 of 1
Type (Divestiture) 1 of 1
Country (Japan) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-11 Harvest Technologies

Plymouth, Massachusetts, United States

Harvest Technologies Corp. is a manufacturer of point-of-care cellular therapy products. Its innovative Cell CaptureTM Technology enables physicians to derive highly concentrated, autologous cells from their patients in just 15 minutes.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-14 Sequent Medical

Aliso Viejo, California, United States

Sequent Medical, Inc. is a privately-held medical device company dedicated to the development of innovative catheter-based neurovascular technologies.

Buy $280M
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