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Medtronic completes acquisition of CathWorks

Medtronic has completed its acquisition of Israeli imaging analysis software developer CathWorks for $585 million with potential additional earn-out payments.

Under terms of the deal, Medtronic acquires CathWorks' FFRangio System, an AI-based platform that provides physiological assessment of the coronary tree from drug-free, wire-free coronary CT angiography (CCTA) exams, the company said. The system differs from traditional wire-based fractional flow reserve (FFR) assessment, which requires pressure wires, pharmacologic hyperemia, and measurements limited to a single transducer location.

The acquisition follows a 2022 strategic partnership and co-promotion agreement for the FFRangio System in the U.S., Europe, and Japan, and expands Medtronic's interventional cardiology portfolio, according to the firm.

 

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