St. Jude to Buy Switzerland’s Endosense for $171 Million
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St. Jude Medical Inc., a maker of defibrillators and pacemakers, said it would buy closely held Endosense SA for at least $171 million (159 million Swiss francs) to gain technology that helps doctors fight irregular heart rhythms.
The all-cash deal for the Swiss company may include additional payments of as much as $161 million if Endosense’s TactiCath ablation catheter meets regulatory targets, St. Paul, Minnesota-based St. Jude said in a statement today.