Maquet Cardiovascular Buys Atrium Medical for Almost $700 Million Sweden-based Getinge Group and

Maquet Cardiovascular Buys Atrium Medical for Almost $700 Million

Sweden-based Getinge Group and itsMaquet Cardiovascular subsidiary acquired Atrium Medical Corp. for $680 million. Atrium provides medical device technology for interventional cardiology and radiology, chest trauma care and thoracic drainage, vascular surgery and general surgery. According to the terms of the agreement, Atrium will operate as an independent business unit of Maquet and will be led by current Atrium president, Trevor Carlton.

“The acquisition of Atrium is an excellent strategic fit with our long-term business goals as Atrium’s robust product line complements Maquet Cardiovascular’s existing therapy options and provides additional solutions for the customers that we serve,” said Christian Keller, president and CEO of Maquet Cardiovascular.

Carlton said the companies’ similar cultures will “unlock the value of the core technologies that have driven our success to date.”

The transaction is expected to close before the end of the calendar year.

In late September, Maquet’s Sensation Plus aortic balloon catheter won U.S. Food and Drug Administration approval and CE Mark clearance in the European Union.

Maquet Cardiovascular is headquartered in Wayne, N.J. Atrium Medical is based in Hudson, N.H.