Medtronic Acquires PEAK Surgical for $105,000,000

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b2c07717-b9ef-4cf5-bcd6-cbd5b1aa3e27&Preview=1
Date
7/8/2011
Company Name
PEAK Surgical
Mailing Address
2464 Embarcadero Way Palo Alto, CA 94303
Company Description
PEAK Surgical, Inc. is an early stage medical device company developing novel electrosergical instrumentation.
Website
http://www.peaksurgical.com
Transaction Type
M&A
Transaction Amount
$105,000,000
Transaction Round
Proceeds Purposes
M&A Terms
The total value of the transaction is $120 million. Medtronic had previously invested in PEAK and currently holds an ownership stake in the company. Net of this ownership stake, the transaction value is approximately $105 million.