Shockwave Medical Acquires Neovasc

January 17, 2023

Shockwave Medical, a U.S.-based cardiovascular device company, agreed to acquire Canada-based Neovasc for approximately $100 million upfront plus a contingent value right of up to $12 per share tied to regulatory milestones. The acquisition adds the Neovasc Reducer System for refractory angina to Shockwave’s cardiology portfolio and is expected to close subject to customary conditions and shareholder approval.

Buyers
Shockwave Medical, Inc.
Targets
Neovasc Inc.
Industry
Medical Devices
Location
British Columbia, Canada
Transaction Type
Buyout

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