When did Philips buy Spectranetics?
June 28, 2017
Philips Acquires Spectranetics, Expanding its Image-guided Therapy Device Offerings. June 28, 2017 — Philips Healthcare and Spectranetics Corp.
Did Philips buy Spectranetics?
Amsterdam, the Netherlands and Colorado Springs, CO, U.S. – Royal Philips (NYSE: PHG; AEX: PHIA), a global leader in health technology, today announced that it has completed the acquisition of The Spectranetics Corporation (NASDAQ: SPNC), a U.S.-based global leader in vascular intervention and lead management solutions …
Who bought Spectranetics?
Philips
Philips to acquire The Spectranetics Corporation to accelerate expansion in image-guided therapy devices to treat cardiac and peripheral vascular disease. Highly complementary addition to Philips’ Image-Guided Therapy Business Group, strengthening its position in EUR 6+ billion market.
When did Philips buy volcano?
February 17, 2015
February 17, 2015. Amsterdam, the Netherlands and San Diego, CA, US – Royal Philips (NYSE: PHG; AEX: PHIA) today announced that it has completed the acquisition of Volcano Corporation (NASDAQ: VOLC).
What is Philips volcano?
Royal Philips NV recently announced that it has agreed to purchase catheter-based imaging company Volcano Corporation for $1.2 billion in cash, or $18 per share. After the close of the transaction, Volcano and its 1,800 employees will be part of a dedicated, new image-guided therapy business group within Philips.
What does Ivus stand for?
Intravascular Ultrasound (IVUS) is a catheter-based diagnostic procedure used to view the inside of a coronary artery, providing a real-time view.
What is the difference between IVUS and OCT?
IVUS uses ultrasound (∼40-μm wavelength at 40 MHz), whereas OCT uses infrared light (1.3-μm wavelength), which confers significantly greater resolution but has lower tissue penetration.
Is IVUS a 3D?
2D: Two-dimensional; 3D: Three-dimensional; IVUS: Intravascular ultrasound; ROI: Regions of interest.
Why is OCT better than IVUS?
The combination of better resolution and clearance of blood during OCT imaging provides a much clearer interface between lumen and plaque surface, enabling accurate automatic lumen measurements, whereas with IVUS human interaction is required to accurately identify lumen contours.
What are the advantages of OCT?
The higher OCT resolution makes it easier to evaluate stent strut apposition against the vessel wall. It also allows clear imaging of neointimal stent strut coverage in follow-up exams and allows much better edge detection than IVUS, Jones said.
When does Spectranetics stock stop trading on NASDAQ?
Spectranetics has requested that NASDAQ files a Form 25 with the United States Securities and Exchange Commission causing the delisting of Spectranetics’ common stock from NASDAQ. Spectranetics’ common stock will cease trading as of the close of trading on August 9, 2017.
What was the share price of Spectranetics after the merger?
As a result of the merger, all remaining Spectranetics shares were converted into the right to receive USD 38.50 per share in cash, without interest, less any applicable withholding taxes.
What kind of technology does Spectranetics Corporation use?
The Spectranetics Corporation develops, manufactures, markets, and distributes its technology for interventional cardiovascular therapy. The Company’s CVX-300 excimer laser system is used in applications such as coronary angioplasty and the removal of pacemaker leads.
When did Philips acquire the Spectranetics business group?
Spectranetics’ financial results will be consolidated as part of Philips’ Image-Guided Therapy business group as of August 9, 2017. Spectranetics is currently growing double-digits and projects 2017 sales to be approximately USD 300 million.
