Medtronic Acquires Ardian for $800,000,000
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=17bb26d1-eff2-4988-a9a8-bd21646bfa58&Preview=1 - Date
11/22/2010 - Company Name
Ardian - Mailing Address
1810A Embarcadero Road Palo Alto, CA 94303 - Company Description
Ardian is in development on a congestive heart failure medical device. - Website
http://www.ardian.com - Transaction Type
M&A - Transaction Amount
$800,000,000 - Transaction Round
- Proceeds Purposes
- M&A Terms
The agreement calls for Medtronic to make an up front cash payment of $800 million, plus commercial milestones equal to the annual revenue growth through the end of Medtronic’s fiscal year 2015.
