Tech Company M&A Transactions
CardioSpectra Acquisition
CardioSpectra, based in San Antonio, was bought by Volcano. The transaction price was $25 million.
Transaction Overview
Company Name
Acquired By
Announced On
12/10/2007
Transaction Type
M&A
Amount
$25,000,000
M&A Terms
Under terms of the agreement, Volcano will pay $25 million in cash at closing, which is expected to occur by the end of the year. In addition, Volcano may make additional payments based on the achievement of certain product development, regulatory and revenue milestones. Any future payments may be made in cash or stock or a combination of both at Volcano's discretion.
Company Information
Company Status
Acquired or Merged
Industry
Medical Devices & Instruments
Mailing Address
3568 Magic Dr. 350
San Antonio, TX 78229
USA
San Antonio, TX 78229
USA
Phone
Email Address
Not Recorded
Overview
CardioSpectra is developing an Optical Coherence Tomography (OCT) Diagnostic Catheter that allows doctors to better predict the likelihood a patient will suffer a heart attack based on vascular plaque; it provides diagnostic capabilities unavailable through existing technologies, such as MRI, CT and ultrasound devices.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Christopher Banas
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Prev: 12/10/2007: LogiXML venture capital transaction
Next: 12/10/2007: REVA Medical venture capital transaction
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