Financiers Piecing Together New Cardiopulmonary Device Maker
This article was originally published in The Gray Sheet
Executive Summary
LifeStream International is looking to capture as much as 10% of the cardiopulmonary market following the launch of the firm in the second half of 1999.
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Jostra AG
Integration of cardiac surgery device supplier LifeStream International's "main" fields of business into Jostra AG's Jostra-Bentley unit following acquisition March 4 will allow LifeStream operations to continue out of Houston, the firm says. LifeStream's line of tubing sets for open-heart surgery, oxygenators, blood pumps, reservoirs and arterial filters will be combined with Hirrlingen, Germany-based Jostra offerings such as heart-lung machines, oxygenators, catheters and cannulae. The purchase furthers Jostra's strategy to establish a presence in the U.S. following its July 2000 acquisition of Bentley profusion products from Edwards Lifesciences. Privately held LifeStream has 300 employees and was formed in 1999 through the combination of C.R. Bard's cardiopulmonary division, oxygenator and cardioplegia systems sold by Minntech and Surgimedics (1"The Gray Sheet" July 19, 1999, p. 4)...
Jostra AG
Integration of cardiac surgery device supplier LifeStream International's "main" fields of business into Jostra AG's Jostra-Bentley unit following acquisition March 4 will allow LifeStream operations to continue out of Houston, the firm says. LifeStream's line of tubing sets for open-heart surgery, oxygenators, blood pumps, reservoirs and arterial filters will be combined with Hirrlingen, Germany-based Jostra offerings such as heart-lung machines, oxygenators, catheters and cannulae. The purchase furthers Jostra's strategy to establish a presence in the U.S. following its July 2000 acquisition of Bentley profusion products from Edwards Lifesciences. Privately held LifeStream has 300 employees and was formed in 1999 through the combination of C.R. Bard's cardiopulmonary division, oxygenator and cardioplegia systems sold by Minntech and Surgimedics (1"The Gray Sheet" July 19, 1999, p. 4)...
LifeStream Adds Neonatal, Pediatric Oxygenators With Polystan Acquisition
The addition of Polystan's SAFE Micro neonatal oxygenator to LifeStream's product line will help boost annual revenue by $15 mil. to over $100 mil. following the company's acquisition of the Vaerlose, Denmark-based company.