Medtronic, Inc. Acquires Ablation Frontiers, Inc. for $225,000,000

  • Feed Type
  • Date
    1/12/2009
  • Company Name
    Ablation Frontiers, Inc.
  • Mailing Address
    6354 Corte Del Abeto Carlsbad, CA 92011
  • Company Description
    Ablation Frontiers is a medical device company committed to expanding the possibilities to Atrial Fibrillation treatment.
  • Website
    http://www.ablationfrontiers.com
  • Transaction Type
    M&A
  • Transaction Amount
    $225,000,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    Medtronic, Inc. (NYSE: MDT) and privately held Ablation Frontiers, Inc., today announced that the two companies have entered into an agreement whereby Medtronic will acquire Ablation Frontiers for an initial payment of $225 million plus potential additional payments contingent upon achievement of certain clinical milestones.