Warren County company could pay up to $300M to acquire California firm

medical device maker company - surgeons

AtriCure Inc. disclosed today the Mason-based medical device maker could pay up to $300 million to acquire a California firm that also makes devices to treat heart ailments.

An upfront payment of about $40 million in cash and AtriCure common stock (Nasdaq: ATRC) will be made to SentreHeart Inc., a privately held developer of percutaneous left atrial appendage management solutions. 

Another $140 million is contingent on milestones related to SentreHeart’s aMaze IDE clinical trial, including FDA premarket approval, and $120 million is based on a milestone related to reimbursement for the therapy involving SentreHeart devices. 

Click here to read the complete article.

Story excerpt provided by Dayton Business Journal.

Written by Barrett J. Brunsman.

Originally published August 13, 2019.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: