Pittsburgh medical device firm bought for $250M

A medical technology company based in London announced an agreement to buy a Pittsburgh firm focused on advanced cardiopulmonary temporary support solutions for $250 million. LivaNova PLC said it is acquiring CardiacAssist Inc., which does business as TandemLife and is based in O’Hara Township. The deal is expected to close by the end of June. LivaNova said upfront costs of the transaction total $200 million, with up to $50 million in contingent considerations based on regulatory milestones. TandemLife’s…
Source: bizjournals.com Health Care:Biotechnology headlines - Category: Biotechnology Authors: Source Type: news