Buyer: Terumo Corporation
Seller: Abbott and St. Jude Medical
Sector: Medical Device
Terumo Corporation (Tokyo, Japan) completed its acquisition of certain assets owned by Abbott (Abbott Park, IL) and St. Jude Medical (St. Paul, MN) on January 20, 2017. Terumo has acquired the Angio-Seal and FemoSeal vascular closure product lines and Kalila Medical Inc, a company developing next-generation access technologies, the first being the Vado Steerable Sheath, used in cardiac electrophysiology procedures. The acquired assets become part of Terumo Interventional Systems, a division of Terumo Corporation. The acquisition will enable Terumo to maximize the value of the acquired businesses and contribute to supporting safe and efficient interventional procedures. Further details regarding the impact of the acquisition will be disclosed as needed, according to the company.