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Medtronic Set To Compete With Abbott/St Jude In VADs After Buying HeartWare

 
• By Reed Miller

HeartWare has found a way to pay for the expanded commercialization of its HVAD ventricular assist device and the development of its MVAD miniaturized ventricular assist device; the Boston-area VAD-maker has agreed be acquired by medtech giant Medtronic for $1.1bn in cash.

HeartWare has found a way to pay for the expanded commercialization of its HVAD ventricular assist device and the development of its MVAD miniaturized ventricular assist device; the Boston-area VAD-maker has agreed be acquired by medtech giant Medtronic for $1.1bn in cash.

The companies announced June 27 that both boards have agreed to a deal in which Medtronic will commence a tender offer for all outstanding shares of HeartWare common stock...

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