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Abbott Buys CSI To Add Peripheral And Coronary Atherectomy Technologies

 
• By Reed Miller

CSI markets minimally invasive devices to remove vascular plaques and has a full pipeline of complementary vascular intervention technologies. Abbott expects CSI’s products to complement its existing coronary intervention business and expand its presence in the peripheral market.

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• Source: Shutterstock

Wall Street analysts support Abbott’s planned $890m acquisition of Cardiovascular Systems (CSI) as a relatively inexpensive way for Abbott to expand its presence in the peripheral intervention market.

Under the terms of the deal announced late on 8 February, Abbott has agreed to acquire CSI for $20 per share, for a total value of about $890m

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