Medtronic, Inc. announced it has through an affiliated entity, completed the acquisition of privately held Ablation Frontiers, Inc. Under the terms of the agreement announced Jan. 12, 2009, the transaction includes an initial payment of $225 million plus potential additional payments contingent upon achievement of certain clinical milestones.
Medtronic, Inc. announced it has through an affiliated entity, completed the acquisition of privately held Ablation Frontiers, Inc. Under the terms of the agreement announced Jan. 12, 2009, the transaction includes an initial payment of $225 million plus potential additional payments contingent upon achievement of certain clinical milestones.
Operating within Medtronic’s Cardiac Rhythm Disease Management (CRDM) business, Ablation Frontiers and the recently acquired CryoCath Technologies, Inc., expand the company’s recently launched AF Solutions business. Medtronic’s goal is to be the physician partner of choice for atrial fibrillation (AF) ablation by bringing breakthrough AF therapies to patients and physicians that are simpler, safer, effective, and offer more predictable procedure times than current treatment methods.