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Medtronic hands Pioneer Plus catheters to Volcano in closed-doors deal

Tue, 08/27/2013 - 12:40pm
Mass Device

Volcano Corp. acquires Medtronic's Pioneer Plus re-entry catheters in a closed-doors deal expected to land this month.

Medtronic unloads Pioneer Plus catheters on Volcano

Medical device giant Medtronic (NYSE:MDT) is handing its Pioneer Plus re-entry catheter product line over to Volcano (NSDQ:VOLC) for an undisclosed amount, the companies announced this week.

The deal, which Volcano hopes will help it expand its reach in peripheral indications, is expected to close this month and is structured as an "asset purchase."

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