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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

relates to Healthineers to Buy Robotics Firm Corindus for $1.1 Billion — Source: Corindus Vascular Robotics/Facebook

By

Oliver Sachgau and

August 8, 2019, 5:02 AM UTCUpdated onAugust 8, 2019, 9:30 AM UTC

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.