News | News By Subject | News by Disease News By Date | Search News
Get Our FREE
Industry eNewsletter
email:    
   

Sorin Group S.p.A. (SRN) Executes Agreement to Acquire Endoscopic Vessel Harvesting Business from Datascope Corporation (DSCP)


12/1/2008 7:07:03 AM

MILAN, Italy--(BUSINESS WIRE)--Sorin Group (MIL:SRN) (Reuters code: SORN.MI) announced today that it has entered into a binding Asset Purchase Agreement for the purchase of the Clearglide(R) endoscopic vessel harvesting product line from Datascope Inc. (NASDAQ:DSCP - News). Further terms of the transaction were not disclosed. The transaction is contingent on the closing of the acquisition of Datascope by Getinge AB, satisfaction of typical contractual conditions, and satisfaction of anti-trust procedures in the United States.

The vessel harvesting product line will, upon closing of the transaction, be integrated into Sorin Group’s Cardiopulmonary Business Unit.

Endoscopic vessel harvesting (‘EVH’) devices enable less-invasive techniques for the harvesting of suitable vessels for use in conjunction with coronary artery bypass grafting. EVH procedures replace traditional open vessel harvesting and avoid significant pain and discomfort for patients during the recovery period.

About the Sorin Group

The Sorin Group (www.sorin.com), a world leader in the development of medical technologies for cardiac surgery, offers innovative therapies for cardiac rhythm dysfunctions, interventional cardiology, and the treatment of chronic kidney diseases. At the Sorin Group, more than 4,000 employees work to serve over 5,000 public and private treatment centers. Every year, over 1 million patients are treated with the devices of Sorin Group in more than 80 countries. For more information, please visit: www.sorin.com

Contact:

Martine Konorski Director, Corporate Communications Sorin Group Tel: +33 (0)1 46 01 33 78 Mobile: +33 (0)6 76 12 67 73 martine.konorski@sorin.com or Carla Vidra Investor Relations Tel: +39 02 69969716 carla.vidra@sorin.com

Source: Sorin Group


Read at BioSpace.com


comments powered by Disqus
   

ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES