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More Than Just A VAD Maker: HeartWare Broadens Heart Failure Focus With Valtech Buy

This article was originally published in The Gray Sheet

Executive Summary

The deal will make HeartWare more of a go-to firm for heart-failure specialists, executives say. It comes soon after St. Jude Medical announced its acquisition of Thoratec, another VAD-focused firm whose technology will now be sold alongside a broader set of tools for heart-failure caregivers.

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The success of transcatheter aortic valve replacement has generated optimism that the much larger pool of mitral regurgitation patients can be similarly served. While big strategics bet on replacement, however, other companies are betting on repair, developing less invasive devices inspired by an array of established mitral valve surgical repair techniques.

HeartWare Drops Valtech Deal Under Shareholder Pressure; Stays Focused On VADs

The ventricular-assist device company HeartWare International announced it was terminating its September 2015 agreement to buy heart-valve repair firm Valtech on the same day it disclosed an agreement with an activist shareholder group that opposed the deal.

Despite Unknowns, Companies Bet On Transcatheter Mitral Valve Repair

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