Philips to Acquire Intact Vascular for $360M

August 28, 2020 Auto Bot Acquire, M&A, MedTech, Philips 0

Shots:

  • Philips will acquire Intact Vascular for $275M up front and deferred payments of $85M upon completion of the transaction. The transaction is expected to be completed in Q3’20
  • The collaboration will expand Philips’ image-guided therapy portfolio with the addition of Intact Vascular’s Tack endovascular system, that reinforces standard and drug-coated balloon PAD treatment results
  • Intact Vascular’s Tack implant is a minimal-metal, dissection repair device that provides precision treatment of peripheral arterial dissections following balloon angioplasty in ATK and BTK therapeutic interventions

Click here ­to­ read full press release/ article | Ref: Philips | Image: Philips