Medtronic invests up to $80 million in Pi-Cardia for minority stake option on ShortCut TAVR device
PUBT · 2d ago
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- Medtronic made a strategic minority investment in Pi-Cardia, committing up to USD 80 million.
- Deal includes an option to acquire Pi-Cardia on milestones for up to USD 210 million upfront, subject to adjustments.
- Additional post-acquisition earn-out payments could materially lift total consideration.
- Medtronic expects to become exclusive global commercial distributor of Pi-Cardia’s ShortCut device in 2027.
- Transactions remain subject to regulatory approval and customary closing conditions.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Medtronic plc published the original content used to generate this news brief via PR Newswire (Ref. ID: 202609010630PR_NEWS_USPR_____CG37703) on September 01, 2026, and is solely responsible for the information contained therein.
Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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