Sorin Group Executes Agreement to Acquire Endoscopic Vessel Harvesting Business from Datascope, Inc
November 27 2008 - 9:43AM
Business Wire
Sorin Group (MIL:SRN) (Reuters code: SORN.MI) announced today that
it has entered into a binding Asset Purchase Agreement for the
purchase of the Clearglide(R) endoscopic vessel harvesting product
line from Datascope Inc. (NASDAQ:DSCP). Further terms of the
transaction were not disclosed. The transaction is contingent on
the closing of the acquisition of Datascope by Getinge AB,
satisfaction of typical contractual conditions, and satisfaction of
anti-trust procedures in the United States. The vessel harvesting
product line will, upon closing of the transaction, be integrated
into Sorin Group�s Cardiopulmonary Business Unit. Endoscopic vessel
harvesting (�EVH�) devices enable less-invasive techniques for the
harvesting of suitable vessels for use in conjunction with coronary
artery bypass grafting. EVH procedures replace traditional open
vessel harvesting and avoid significant pain and discomfort for
patients during the recovery period. About the Sorin Group The
Sorin Group (www.sorin.com), a world leader in the development of
medical technologies for cardiac surgery, offers innovative
therapies for cardiac rhythm dysfunctions, interventional
cardiology, and the treatment of chronic kidney diseases. At the
Sorin Group, more than 4,000 employees work to serve over 5,000
public and private treatment centers. Every year, over 1 million
patients are treated with the devices of Sorin Group in more than
80 countries. For more information, please visit: www.sorin.com
Datascope (NASDAQ:DSCP)
Historical Stock Chart
From Nov 2024 to Dec 2024
Datascope (NASDAQ:DSCP)
Historical Stock Chart
From Dec 2023 to Dec 2024