Tech Company M&A Transactions
AorTx Acquisition
Operating out of Menlo Park, AorTx was acquired by Hansen Medical. Deal value was $10 million.
Transaction Overview
Company Name
Acquired By
Announced On
11/2/2007
Transaction Type
M&A
Amount
$10,000,000
M&A Terms
The financial terms of the acquisition include a closing payment of $5 million in Hansen Medical common stock and $5 million in cash. There are also possible milestone payments that total up to $15 million in Hansen Medical common stock and $15 million in cash upon the achievement of regulatory clearances, revenue and partnering milestones.
Company Information
Company Status
Acquired or Merged
Industry
Medical Devices & Instruments
Mailing Address
1350 Cloud Ave.
Menlo Park, CA 94025
USA
Menlo Park, CA 94025
USA
Phone
Website
Email Address
Not Recorded
Overview
Aortx is a medical device company that is developing a minimally-invasive aortic valve replacement device for patients with valve insufficiency.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
David Foster
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Where The Data Comes From
We do our best to report on every notable VC transaction. All VC database entries reported here are sourced from news reports and company announcements. The information is sourced from VentureDeal.com, an affiliated venture.
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