Boston Scientific Acquires Atritech for $375,000,000

  • Feed Type
  • Date
    1/19/2011
  • Company Name
    Atritech
  • Mailing Address
    3750 Annapolis Lane Plymouth, MN 55447
  • Company Description
    Atritech is an emerging medical device company focused on preventing atrial fibrillation (AF) related stroke through technology.
  • Website
    http://www.atritech.net
  • Transaction Type
    M&A
  • Transaction Amount
    $375,000,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    The agreement calls for an upfront payment of $100 million plus additional potential payments of up to $275 million upon achievement of specified regulatory and revenue-based milestones through 2015. The purchase price assumes no cash and no debt on Atritech’s balance sheet at closing.