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HeartWare International raises $60mm privately

Executive Summary

HeartWare International brought in $60mm by selling 2.7mm common shares at $22 (a 7% discount) to 30 institutional and sophisticated investors. The company had originally planned to offer 2.5mm shares. HeartWare is raising the funds weeks after antitrust issues prevented it from buying Thoratec for $282mm. It will use the new money to continue developing its ventricular assist system.
Deal Industry
  • Medical Devices
  • Medical Devices
    • Implantable Devices
    • Surgical Equipment & Devices
      • Minimally or Less Invasive
Deal Status
  • Final
Deal Type
  • Financing
    • Private Placement

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