Tech Company M&A Transactions
CircuLite Acquisition
Based in Saddle Brook, CircuLite was acquired by HeartWare International. HeartWare International said the transaction price was $30 million.
Transaction Overview
Company Name
Acquired By
Announced On
12/3/2013
Transaction Type
M&A
Amount
$30,000,000
M&A Terms
HeartWare has acquired all of the issued and outstanding equity interests of CircuLite for consideration of $30 million, consisting of approximately $18 million in HeartWare common stock and cash of approximately $12 million to settle CircuLite's debt and transaction expenses, plus certain contingent success payments due upon satisfaction of regulatory and commercial milestones not to exceed $320 million in the aggregate over a ten-year period.
Company Information
Company Status
Acquired or Merged
Industry
Medical Devices & Instruments
Mailing Address
250 Pehle Ave. Park 80 West 403
Saddle Brook, NJ 07663
USA
Saddle Brook, NJ 07663
USA
Phone
Website
Email Address
Overview
CircuLite is a cardiovascular device company, focused on developing minimally-invasive micro-pumps to treat chronic heart failures.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Doug Godshall
Chief Financial Officer
Peter McAree
Chief Medical Officer
Katrin Leadley
Chief Scientific Officer
Jeffrey LaRose
VP - General Counsel
Larry Knopf
VP - R & D
Mark Strong
VP - Regulatory Affairs
Bob Yocher
VP - Sales
Jim Schuermann
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