Corporate
News release
TopTOKYO, JAPAN - Jan. 21, 2017 - Terumo Corporation (TSE: 4543) announced today that it has completed its acquisition of certain assets owned by Abbott and St. Jude Medical on Jan. 20, 2017 (North American Central Standard Time). Terumo has acquired the Angio-Seal™ and FemoSeal™ vascular closure product lines and Kalila Medical, Inc., a company developing next-generation access technologies, the first being the Vado™ Steerable Sheath, used in cardiac electrophysiology procedures.
The acquired assets become part of Terumo Interventional Systems, a division of Terumo Corporation. By building on Terumo's existing infrastructure and competencies, the acquisition will enable Terumo to maximize the value of the acquired businesses and contribute to supporting safe and efficient interventional procedures.
The financial impact will be included on a consolidated basis, starting with the fourth quarter of the fiscal year ending March 31, 2017. The impact of the acquisition on Terumo's business performance is being examined. Further details regarding the impact of the acquisition will be disclosed as needed, once the analysis is completed.
About Terumo
Terumo (TSE: 4543) is a global leader in medical technology and has been committed to “Contributing to Society through Healthcare” for 100 years. Based in Tokyo and operating globally, Terumo employs more than 30,000 associates worldwide to provide innovative medical solutions in more than 160 countries and regions. The company started as a Japanese thermometer manufacturer, and has been supporting healthcare ever since. Now, its extensive business portfolio ranges from vascular intervention and cardio-surgical solutions, blood transfusion and cell therapy technology, to medical products essential for daily clinical practice such as transfusion systems, diabetes care, and peritoneal dialysis treatments. Terumo will further strive to be of value to patients, medical professionals, and society at large.