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CryoLife/Horizon

This article was originally published in The Gray Sheet

Executive Summary

CryoLife's Ideas for Medicine subsidiary product line will go to Horizon Medical Products under a $15 mil. letter of intent agreement announced Sept. 18. CryoLife will continue to make IFM products for Horizon for four years at a guaranteed 15% increase in purchases per year under the terms of the deal, after which Horizon will obtain the manufacturing equipment. CryoLife bought IFM, a private manufacturer of single-use cardiovascular products such as carotid shunts and embolectomy catheters, for $10.5 mil. in January 1997

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