Sorin Group, (MIL:SRN) (Reuters Code: SORN.MI), a global medical device company and a leader in the treatment of cardiovascular diseases, has purchased the cannulae product line from Estech. The purchase includes all Estech cannulae portfolio supporting minimally invasive and traditional cardiac surgery procedures.
This portfolio of cannulation solutions provides optimal blood flow with the smallest possible size. The product's advanced designs allow easy insertion for minimally invasive and traditional cardiac procedures. Estech cannulae revenue is annualizing at $3 million and is growing rapidly.
"This acquisition represents Sorin Group's efforts to further strengthen its position within the cannulae market, and is a testament to our dedication to meeting current demands within the cardiac suite," said Michel Darnaud, President, Cardiopulmonary Business Unit and Intercontinental, Sorin Group.
"Estech has divested its perfusion product line to provide more focus and investment in its minimally invasive cardiac ablation business, which is experiencing very strong growth," stated John Pavlidis President and CEO of Estech. "We believe this acquisition validates the excellent quality of Estech products and the much larger global reach of Sorin Group will drive significant adoption of these valuable products by surgeons worldwide".