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MicroPort Swoops In On Bankrupt Lombard Medical

 
• By Tina Tan

Chinese medtech group MicroPort Scientific has bagged another cardiology deal this year, this time buying up its UK aortic valve repair partner Lombard Medical, which has run aground after failing to navigate itself out of financial troubles.

Eagle

Not missing an opportunity for a good deal, MicroPort Scientific Corp. has swooped in on Lombard Medical Inc., just as the UK specialist in endovascular aortic valve repair systems filed for bankruptcy.

The acquisition by MicroPort of Lombard was done through a restructuring transaction under UK bankruptcy law. KPMG had been appointed...

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