Boston Scientific Acquires Cameron Health for $150,000,000
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=34a932ae-f994-444b-933a-3943f1ab002c&Preview=1 - Date
3/8/2012 - Company Name
Cameron Health - Mailing Address
905 Calle Amanecer San Clemente, CA 92673 - Company Description
Cameron Health, Inc., a development stage medical device company, is creating the next generation of implantable electronic device utilizing state-of-the-art technologies. We are a team of specialized, high technology, creative individuals with decades of experience in solving difficult medical problems. - Website
http://www.cameronhealth.com - Transaction Type
M&A - Transaction Amount
$150,000,000 - Transaction Round
- Proceeds Purposes
- M&A Terms
Boston Scientific will pay $150 million upfront and an additional potential $150 million upon the U.S. Food & Drug Administration’s approval of Cameron’s S-ICD wireless system, the only commercially available subcutaeneous implantable defibrillator. The agreement also calls for up to an additional $1.05 billion in revenue-based milestone payments over a six-year period after FDA approval.
