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St. Jude Medical acquires Velocimed

Executive Summary

St. Jude Medical has agreed to acquire Velocimed (develops, manufactures, and markets interventional cardiovascular devices) for $82.5mm in cash, plus an earnout of up to $180mm. Shareholders may also receive an earnout if the company reaches future revenue targets and gets FDA approval for its Premere patent foramen ovale (PFO) closure system.
Deal Industry
  • Medical Devices
    • Surgical Equipment & Devices
Deal Status
  • Final
Deal Type
  • Acquisition
    • Full Acquisition
    • Payment Includes Cash
    • Includes Earnout

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