St. Jude to buy AGA Medical
St. Jude Medical Inc. will acquire AGA Medical Holdings Inc. for $1.1 billion in a cash-and-stock deal that it hopes will boost its portfolio of products that fix heart defects.
The purchase should help Little Canada-based St. Jude diversify away from its bread-and-butter offerings of pacemakers and implantable cardioverter defibrillators, a mature market with limited growth.
Plymouth-based AGA makes a variety of patches and plugs to fix holes and other structural defects in the heart in minimally invasive ways. That market, while currently small, has tremendous potential.
- CFO Exchange: Smartphones Poised to Disrupt Healthcare, Says Topol
- How Digital Strategy Shapes Patient Engagement at Boston Children's Hospital
- Half of All Primary Care, Internal Medicine Jobs Unfilled in 2013
- CNO on Hospital Redesign: 'You Can't Over-Communicate'
- Consumerism Drives Healthcare Branding, Rebranding Efforts
- Carondelet to Pay $35M to Settle Fraud Allegations
- PA Ranks See 'Phenomenal Growth,' Lack of Diversity
- Some Cancer Hospitals' Quality Data Will Soon Be Public
- 3 Traits Personality Assessments Can't Reveal
- CA Powers Up $80M HIE to 'Create Value in the Data'