Siemens Healthineers acquires US - based Corindus Vascular Robotics - Express Healthcare

Siemens Healthineers has entered into a merger agreement with US – based Corindus Vascular Robotics a developer and producer of robotic systems for minimally invasive procedures. Under the terms of the agreement, Siemens Healthineers will acquire all fully diluted shares of Corindus for $4.28 per share in cash or $1.1 billion in total. The transaction is expected to be closed by end of calendar year 2019, subject to Corindus shareholder approval, receipt of regulatory approvals and other customary closing conditions. The Corindus board fully supports the acquisition proposal. Corindus is headquartered in Waltham, Boston, Massachusetts and currently has approximately 100 employees.