Siemens Healthineers acquires US - based Corindus Vascular ... According to a press release issued by the companies, Corindus makes . "The acquisition of Corindus, combined with Siemens' strong advanced therapies portfolio will help further advance the growth of vascular robotics," he stated, adding that integrating the . Medical technology firm Siemens Healthineers has completed the acquisition of Corindus Vascular Robotics for around $1.1bn. "The acquisition of Corindus, combined with Siemens' strong advanced therapies portfolio will help further advance the growth of vascular robotics. Siemens Healthineers AG completed the acquisition of 100 percent of Corindus Vascular Robotics, Inc. effective October 29, 2019. Shared by Ken Dropiewski on October 28, 2019. Under the terms of the agreement, Siemens Healthineers will acquire all fully diluted shares of Corindus for $4.28 per share in cash or $1.1 billion in total. "The acquisition of Corindus, combined with Siemens' strong advanced therapies portfolio will help further advance the growth of vascular robotics," Therin said. PDF Pressemitteilung Siemens AG Cadwalader advised Corindus Vascular Robotics, Inc. (NYSE American: CVRS) on its acquisition by a subsidiary of Siemens Healthineers AG in a transaction valued at $1.1 billion. Under the terms of the agreement, Siemens Healthineers will acquire all fully diluted shares of Corindus for $1.1 billion. Corindus Vascular Robotics, Inc. is a global technology leader in robotic-assisted vascular interventions. 22 were here. Corindus is currently the only FDA-cleared and CE-marked robotic system for endovascular coronary and peripheral vascular interventions, according to Siemens . Siemens to acquire Corindus in $1.1B deal - MassDevice Siemens to acquire Corindus Vascular Robotics in $1.1 billion deal. The wave of investments and acquisitions of Israeli tech companies by German corporations continues with great momentum. what is robotic - Corindus, A Siemens Healthineers Company We believe Corindus fits well into . The $1.1bn cash it is paying for Corindus Vascular Robotics comes in at a 77% premium to the company's share price and is 37x next year's forecast sales. Corindus Vascular Robotics, Inc. 7. Corindus Vascular Robotics, Inc. Corindus Vascular Robotics' stockholders approved the previously announced merger agreement with Siemens at special meeting today. Stockholders Approve Acquisition by Siemens Healthineers. WALTHAM, Mass.--(BUSINESS WIRE)-- At a special meeting today, stockholders of Corindus Vascular Robotics, Inc. ("Corindus" or the "Company") (NYSE American: CVRS) approved the adoption of the Agreement and Plan of Merger (the "Merger Agreement"), dated as of August 7, 2019, by and among Siemens Medical Solutions USA, Inc. ("SMS USA"), Corpus Merger Inc. ("Merger Sub") and . Siemens acquires Corindus Vascular Robotics for $1.1B ... The integration of our technologies could lead to reduced variability, improved efficiency, expanded access to care, and ultimately improved patient outcomes. Siemens Healthineers AG completed the acquisition of 100 percent of Corindus Vascular Robotics, Inc. effective October 29, 2019. Prior to the closing of the acquisition, Corindus held a . Siemens Healthineers will acquire all issued and outstanding shares of common stock of Corindus Vascular Robotics, Corindus announced this month.. Corindus' robotic treatment platform is focused on major vascular therapeutic markets, including coronary, peripheral vascular, and neurovascular interventions. Corindus Vascular Robotics Announces Definitive Agreement ... A press statement reports that subject to the terms and conditions of the agreement, Merger Sub, a wholly-owned subsidiary of Siemens USA, will be . Print. . Stockholders Approve Acquisition . "The acquisition of Corindus, combined with Siemens' strong advanced therapies portfolio will help further advance the growth of vascular robotics. Siemens Healthineers AG has entered into a merger agreement with U.S.-based Corindus Vascular Robotics, a global technology leader for robotic-assisted vascular interventions. Aug 8, 2019 . October 25, 2019—Corindus Vascular Robotics, Inc. announced that the company's stockholders approved the adoption of an agreement and plan of merger with Siemens Medical Solutions USA, Inc. (SMS USA). 15:47. "The early termination of the waiting period…satisfies one of the conditions to the closing of the merger," Corindus said in an SEC filing. More in Financial: Neovasc Granted Additional 180 Calendar Day Grace Period for Nasdaq Bid Price Compliance November 24, 2021; The cash transaction is US$4.28 per share, resulting in an aggregate purchase price of US$1.1 billion by Siemens Medical Solutions, a subsidiary of Siemens Healthineers, according to Corindus. "The integration of our technologies could lead to reduced variability, improved efficiency, expanded access to care, and ultimately improved patient outcomes. ×. Under the terms of the merger agreement, Siemens Medical Solutions, a wholly-owned subsidiary of Siemens Healthineers AG, a German stock listed company, will acquire all issued and outstanding shares of common stock of Corindus for $4.28 per share in cash, representing an aggregate purchase price of approximately $1.1 billion. Corindus Vascular Robotics | 16,422 followers on LinkedIn. Companies Contacts Investors Funding Rounds Acquisitions People Events Schools Hubs Saved . The parties anticipate that the transaction will close on October 29, 2019. Corindus manufactures robotic systems for minimally invasive procedures, while Siemens' products use quality imaging before and during medical interventions to make minimally . RSS. Stockholders Approve Acquisition by Siemens Healthineers Business Wire WALTHAM, Mass. Under the terms of the agreement, Siemens Healthineers will acquire all fully diluted shares of Corindus for $4.28 per share in cash or. "The acquisition of Corindus, combined with Siemens' strong advanced therapies portfolio will help further advance the growth of vascular robotics," said Siemens' advanced therapies . Siemens Healthineers <SHLG.DE> has agreed to buy Corindus Vascular Robotics <CVRS.A> for $1.1 billion in the biggest acquisition since the Siemens <SIEGn.DE> subsidiary listed on the stock market . . Siemens Healthineers AG completed the acquisition of 100 percent of Corindus Vascular Robotics, Inc. effective October 29, 2019. A total of 19 acquisitions came from private equity firms.It has also divested 22 assets.. Siemens' largest acquisition to date was in 2015, when it acquired Dresser-Rand Group for $7.8B.It's largest disclosed sale occurred in 2014, when it sold Sivantos Group to EQT Holdings AB for $2.4B. Instead, the focus is on acquisition news, sending the stock up more than 70% early on. Corindus has a leading position in the vascular robotics sector, according to Michel Therin, president of Advanced Therapies at Siemens Healthineers. The company will join Siemens' advanced therapies reporting segment. Corindus Vascular Robotics, Inc. Siemens to acquire robotics firm in $1.1 billion deal. Siemens Healthineers has made its first major acquisition since becoming independent last March, and it has made quite an outlay to do it. The Erlangen, Germany-based company said its subsidiary Siemens Medical Solutions is set to acquire Corindus Vascular Robotics for about $4.28 per share in cash or$1.1 billion. In a recent acquisition, Corindus Vascular Robotics is now a part of Siemens Healthineers. Register to receive a free Surgical Robotics . Corindus Vascular Robotics, Inc. is a global technology leader in robotic-assisted vascular interventions. CorPath GRX (Corindus) The stockholders of Corindus Vascular Robotics have approved the adoption of the agreement and plan of merger that was drawn up in August by Siemens Medical Solutions USA (Siemens Healthineers), Corpus Merger, and Corindus.
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