Medtronic invests up to $80 million in Pi-Cardia for minority stake option on ShortCut TAVR device - MDT News | RalliesMedtronic invests up to $80 million in Pi-Cardia for minority stake option on ShortCut TAVR device
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MDT• Medtronic makes strategic investment in Pi-Cardia
- 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.
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