Medtronic Acquires Visualase for $105,000,000

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5bfb472d-a6fa-4eb0-aa58-a71ddd0e44d0
Date
7/28/2014
Company Name
Visualase
Mailing Address
8058 El Rio Houston, TX 77054 USA
Company Description
Visualase, Inc. is focused in product development, clinical evaluations, manufacturing, and marketing of advanced laser and image-guided technologies for thermal ablation markets.
Website
http://www.visualaseinc.com
Transaction Type
M&A
Transaction Amount
$105,000,000
Transaction Round
Proceeds Purposes
M&A Terms
The all-cash transaction of up to $105 million includes an initial payment of $70 million plus additional payments of up to $35 million which are contingent upon the achievement of specific milestones.