Teleflex Acquires HotSpur Technologies for $15,000,000

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8f2b53d5-6f03-4d22-8629-3dfb0e37319e&Preview=1
Date
7/19/2012
Company Name
HotSpur Technologies
Mailing Address
880 Maude Ave. Mountain View, CA 94043
Company Description
Hotspur Technologies is a leading developer of catheter-based technologies aimed at restoring blood flow for patients with obstructed vessels. The company’s products are based on unique and groundbreaking technology that opens blood vessels more efficiently and less invasively
Website
http://www.hotspur-inc.com
Transaction Type
M&A
Transaction Amount
$15,000,000
Transaction Round
Proceeds Purposes
M&A Terms
Teleflex has acquired Hotspur Technologies for an upfront payment of $15 million. Teleflex may be required to make certain additional payments based upon the achievement of certain regulatory and revenue milestones over the next several years.