Pin It
Home > Adam's Blog > Medtronic Further...

Medtronic Further Consolidates Heart Valve Industry

Posted by Adam Pick on February 24th, 2009

On November 27, 2007, I posted a blog titled, “Will Heart Valve Manufacturers Consolidate And Gobble Up Each Other?”. In that post, I rambled-on about the possibility that the heart valve industry would consolidate to create advantages for both patients and manufacturers.

Guess what?

Earlier this week, Medtronic spent over $1 billion to acquire two heart valve manufacturers – CoreValve and Ventor Technologies.

In the first deal, Minneapolis-headquartered Medtronic acquired CoreValve, developer of a transcatheter, transfemoral aortic valve replacement product. The deal calls for an initial payment of $700 million plus additional payments contingent upon the achievement of agreed milestones.

CoreValve Transcatheter Aortic Valve Replacement

In the second deal, Medtronic acquired Ventor Technologies, a developer of transcatheter heart valve technologies for the treatment of aortic valve disease. The company will acquire Ventor for a payment of $325 million.

While Medtronic is one of the global leaders in medical technology, it is not the leading heart valve manufacturer. That title is held by Irvine-based, Edwards Lifesciences.

However, from the looks of it, Medtronic is using the CoreValve and Ventor acquisitions to fuel its penetration of the prized minimally invasive, aortic valve replacement market.  Edwards competes in that market with its SAPIEN aortic valve transcatheter technology.

It will be interesting to see how this plays out in the days, months, years ahead.

Keep on tickin!

Adam Pick
Written by Adam Pick A dad, a husband and a patient, Adam Pick founded this website in 2006 to educate you about heart valve surgery from diagnosis to recovery.
You can get the latest updates about heart valve surgery from Adam at his Facebook, and Twitter pages. Click here to email him.


Leave a Reply

To prove you're a person (not a spam script), type the answer to the math equation shown in the picture. Click on the picture to hear an audio file of the equation.
Click to hear an audio file of the anti-spam equation

Welcome to Adam Pick's
Heart Valve Surgery Blog

Adam Pick
Patient, Author & Website Founder
Watch Adam's story

Get Adam's Free Email Updates
Sent To Your Inbox First

Over 35,000 Patients
And Caregivers Have
Read This Book

Patient Recommended
Heart Valve Clinics

(Click a logo)

Mount Sinai
University of Michigan
Alta Bates
Northwestern Memorial
Cleveland Clinic
Florida Hospital