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 $360 Million for Edwards Lifesciences Acquisitions

 

The largest producer of artificial heart valves, Edwards Lifesciences Acquisitions, is looking to buy out heart medical device manufacturers. The CEO - Michael Mussallem said - they prefer not be become acquired, "it isn't part of our strategy".

The company, based in Irvine, California, is head to head with Medtronic over the Transcatheter valve market. The company's device - Sapein heart valve - prevent a little less than half of all deaths than standard therapy. The device is gaining momentum and is expected to fetch almost $3 Billion in 2014.

The acqusition of smaller medical device manufacturers has been something that has steadily grown and the industry has seen an explosion in deal making.

 

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