Auris Surgical Robotics Agrees to Acquire Hansen Medical

April 20, 2016—Auris Surgical Robotics, Inc. and Hansen Medical, Inc. announced that they have signed a definitive merger agreement under which Auris will acquire Hansen Medical.

Auris says it is building a platform that combines advancements in medical robotics, instrumentation, navigation, and data science.

Hansen Medical’s intravascular robotics are designed to enable the accurate positioning, manipulation, and control of catheters and catheter-based technologies. The company's Magellan robotic system, robotic catheters, and related accessories are intended to facilitate navigation to anatomical targets in the peripheral vasculature and subsequently provide a conduit for manual placement of therapeutic devices.

Under the terms of the agreement, Auris will acquire Hansen Medical for $4.00 per share in cash, or a total equity value of approximately $80 million. In addition, certain significant stockholders of Hansen Medical have agreed to invest approximately $49 million into Auris contemporaneously with the closing of the transaction.

The transaction is expected to close in mid-2016, subject to customary closing conditions, including Hansen Medical shareholder approval. Holders of approximately 65.4% of Hansen Medical’s outstanding shares, including all executive officers and directors of Hansen Medical and the significant stockholders described previously, have entered into voting agreements with Auris and Hansen Medical pursuant to which they have agreed to vote in favor of and otherwise support the transaction.