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

August 27, 2013 by Arezu Sarvestani

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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Volcano and Medtronic last year announced a sales alliance to mingle their product portfolios in hospital-budget-friendly packages, including Medtronic's guidewires and Volcano's intravascular ultrasound imaging systems. Their partnership reaches back even farther.