Medtronic to Buy 2 Heart-Valve Companies

Ventor Products is located in Israel and focuses on minimally invasive catheter procedures.  Core Valve offers a non-surgical, alternative for patients to have their aortic valves replaced via a catheter.  Neither company markets products for sale in the US.  There appears to be a lot of mergers/purchases in medical devices today as well as in the pharma end of healthcare.  BD

Medtronic said on Monday that it is buying two privately held makers of heart-valve technologies, paying about $1.03 billion in cash for both.

Both CoreValve, based in Minneapolis, and Ventor Technologies, based in Netanya, Israel, make products that allow heart valves to be replaced using a catheter, instead of through surgery.

Press Releases:

http://www.businesswire.com/news/home/20090223005631/en

http://www.businesswire.com/news/home/20090223005400/en

Medtronic to Buy 2 Heart-Valve Parts Makers - DealBook Blog - NYTimes.com

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