Tech Company M&A Transactions
Vascular Systems Acquisition
Vascular Systems, based in Sunnyvale, was acquired by Abbott Laboratories. The transaction price was $65 million.
Transaction Overview
Company Name
Acquired By
Announced On
9/26/2003
Transaction Type
M&A
Amount
$65,000,000
M&A Terms
Under the terms of the agreement, Abbott acquired all of the equity of IVS, a privately held company, for approximately $65 million in cash plus an additional milestone payment if agreed-upon targets are met. This transaction will not have an impact on the results of Abbott's 2003 ongoing operations, but will result in a one-time charge for in-process research and development. Additional financial terms of the agreement were not disclosed.
Company Information
Company Status
Acquired or Merged
Industry
Medical Devices & Instruments
Mailing Address
Undisclosed
Sunnyvale, CA 94089
USA
Sunnyvale, CA 94089
USA
Phone
Undisclosed
Email Address
Not Recorded
Overview
Vascular Systems, Inc. (IVS), based in Sunnyvale, Calif., a developer of a novel vessel closure technology.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Michael Kollok
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We do our best to report on all VC transactions involving tech companies. VC investment data records on this site are sourced from news reports and company announcements. The information is sourced from VentureDeal.com, an affiliated venture.
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