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January 24, 2017

Terumo Completes Acquisition of Certain Abbott and St. Jude Medical Assets

January 24, 2017—Terumo Corporation announced that it completed its acquisition of certain assets owned by Abbott Vascular and St. Jude Medical, Inc. on January 20. Terumo has acquired the Angio-Seal and FemoSeal vascular closure product lines, as well as Kalila Medical, Inc., a company developing next-generation access technologies, such as the Vado steerable sheath used in cardiac electrophysiology procedures.

The company advised that the acquired assets will become part of Terumo Interventional Systems, a division of Terumo Corporation. By building on Terumo’s existing infrastructure and competencies, the acquisition will enable Terumo to maximize the value of the acquired businesses and contribute to supporting safe and efficient interventional procedures.

The transaction follows the closing of Abbott Vascular's acquisition of St. Jude Medical, Inc. on January 4.

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