Tech Company M&A Transactions
Vortex Medical Acquisition
On 10/9/2012, Vortex Medical was acquired by AngioDynamics. The transaction price was $55 million.
Transaction Overview
Company Name
Acquired By
Announced On
10/9/2012
Transaction Type
M&A
Amount
$55,000,000
M&A Terms
Under the terms of the definitive agreement, AngioDynamics will acquire all the outstanding capital stock of Vortex Medical for $15M in cash at closing, subject to adjustment, plus future earn out payments based on net sales of the AngioVac system over a 10 year period and payable in cash. AngioDynamics will make a guaranteed minimum earn out payment of approximately $8 million per year for each of the first five years.
Company Information
Company Status
Acquired or Merged
Industry
Medical Devices & Instruments
Mailing Address
50 Loring Drive
Norwell, MA 02061
USA
Norwell, MA 02061
USA
Phone
Email Address
Not Recorded
Overview
The company develops and sells medical devices.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Joseph DeVivo
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Prev: 10/8/2012: Velocent Systems venture capital transaction
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