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Picard Medical, Inc. Acquires Mechanical Heart Replacement Technology

PUBLIC · PMISep 30, 2021

Acquiring Company

Picard Medical

Acquired Company

Heart Replacement Technology

TucsonManufacturingBiotechnologyHealth CareMedicalMedical Device

Description

Picard Medical, Inc ("Picard"), a portfolio company of Hunniwell Lake Ventures, LLC, today announced that it has acquired SynCardia Systems, LLC ("SynCardia"), the global leader in mechanical heart replacement technology.

Quick answer

Picard Medical is acquiring Heart Replacement Technology, announced September 30, 2021. Picard Medical is based in Tucson, Arizona, United States.

How much did Picard Medical pay for Heart Replacement Technology?
The deal value was not disclosed.
What does Picard Medical do?
Picard Medical, Inc. is a medical technology company that specializes in developing innovative and effective medical devices for critical care and recovery environments.
Where are Picard Medical and Heart Replacement Technology based?
Picard Medical is based in Tucson, Arizona, United States.

Source: Fundz verified event record.

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Company Information

Company

Picard Medical

Location

Tucson, Arizona, United States

About

Picard Medical, Inc. is a medical technology company that specializes in developing innovative and effective medical devices for critical care and recovery environments. Their primary business activities involve designing and manufacturing advanced therapeutic tools aimed at improving patient outcomes, particularly in cardiovascular care. The company's flagship products include specialized monitoring equipment and surgical devices designed to enhance procedural efficacy and patient safety. Based in Tucson, Arizona, Picard Medical serves healthcare facilities across the United States, focusing on market segments that demand high-performance medical solutions. As an emerging growth company, the firm is committed to leveraging new technologies and clinical insights to drive strategic growth and enhance its product offerings.

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Frequently asked

Who acquired Heart Replacement Technology?

Heart Replacement Technology was acquired by Picard Medical, based in Tucson. The deal was reported on September 30, 2021. Picard Medical, Inc. is a medical technology company that specializes in developing innovative and effective medical devices for critical care and recovery environments. Picard Medical is publicly traded (PMI) and operates in Manufacturing.

When did Picard Medical acquire Heart Replacement Technology?

Picard Medical's acquisition of Heart Replacement Technology was reported on September 30, 2021. Picard Medical, Inc ("Picard"), a portfolio company of Hunniwell Lake Ventures, LLC, today announced that it has acquired SynCardia Systems, LLC ("SynCardia"), the global leader in mechanical heart replacement technology. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Heart Replacement Technology do?

Heart Replacement Technology is the company acquired in this transaction. It is privately held.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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