Deals
Healthineers to Buy Robotics Firm Corindus for $1.1 Billion
- Deal expected to close by end of calendar year, companies say
- Corindus makes robotic equipment for cardiovascular surgery
Source: Corindus Vascular Robotics/Facebook
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Siemens Healthineers AG plans to buy U.S. surgical firm Corindus Vascular Robotics Inc. for $1.1. billion, an acquisition aimed at broadening its portfolio of medical equipment beyond scanners.
Healthineers will pay $4.28 for each share in Waltham, Massachusetts-based Corindus, according to a statement Thursday. That’s 77% above Corindus’s last closing price. The deal is expected to close in the final quarter of 2019, and has the support of the Corindus board, the German company said.