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Siemens Snaps Up Corindus Vascular Robotics For $1.1Bn

 
• By Catherine Longworth

Siemens Healthineers AG has signed a billion-dollar deal to merge with US firm Corindus Vascular Robotics, expanding the German company's advanced therapies business.

The CorPath GRX system from Corindus Vascular Robotics (Bill Truslow/©2016 Bill Truslow)

Siemens Healthineers is buying US firm Corindus Vascular Robotics Inc. in a major deal set to expand its advanced therapies business.

Under the terms of the agreement, Siemens Healthineers will acquire all fully diluted shares of Corindus for $4.28 per share in cash or $1.1bn in total

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