Siemens Healthineers buys Corindus Vascular Robotics for $1.1 billion
Reuters
Published Aug 08, 2019 07:04
Germany's Siemens Healthineers buys U.S. firm Corindus for $1.1 billion
FRANKFURT (Reuters) - Siemens Healthineers (DE:SHLG) is buying Corindus Vascular Robotics (A:CVRS) for $1.1 billion (£903.71 million), the companies announced on Thursday, in the biggest acquisition since the Siemens (DE:SIEGn) subsidiary listed on the stock exchange last year.
Germany's Siemens Healthineers (DE:SHLG) is buying U.S. firm Corindus, which develops robotic systems for minimally invasive vascular therapy procedures, for $4.28 per Corindus share, above the $2.42 closing price of Corindus on Wednesday.
The systems produced by Corindus, which is based in Massachusetts with approximately 100 employees, allow doctors to guide catheters and stent implants with controlling modules.
The deal is expected to close by the end of the year.
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Written By: Reuters
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