# Siemens Healthineers to acquire Corindus Vascular Robotics for $1.1B

Siemens Healthineers agreed to acquire Corindus Vascular Robotics for $4.28 per share in cash, valuing the company at approximately $1.1 billion.

- Type: Acquisition
- Announced: 2019-08-08
- Where: Waltham, Massachusetts, United States
- Value: $1.10B
- Status: announced
- Products: precision vascular robotics, robotic-assisted coronary and peripheral devices
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Siemens Healthineers](https://endata.com/companies/19309.md) (acquirer)
- [Corindus Vascular Robotics](https://endata.com/companies/41213.md) (target)

## Sources

- [sec.gov](https://www.sec.gov/Archives/edgar/data/1528557/000138713119005895/ex99-2.htm), 2019-08-08: "Corindus Vascular Robotics ... today announced that it has entered into a definitive merger agreement to be acquired by Siemens Healthineers AG."
- [biospace.com](https://www.biospace.com/corindus-vascular-robotics-announces-definitive-agreement-to-be-acquired-by-siemens-healthineers), 2019-08-08: "Corindus has established a leading position in vascular robotics with a compelling technology platform for robotic-assisted coronary, peripheral, and neurovascular procedures."
- [news.bloomberglaw.com](https://news.bloomberglaw.com/mergers-and-acquisitions/healthineers-to-buy-robotics-firm-corindus-for-1-1-billion-2-1), 2019-08-08: "Healthineers will pay $4.28 for each share in Waltham, Massachusetts-based Corindus."
- [news.bloomberglaw.com](https://news.bloomberglaw.com/mergers-and-acquisitions/healthineers-to-buy-robotics-firm-corindus-for-1-1-billion-2), 2019-08-08: "Siemens Healthineers AG plans to buy U.S. surgical firm Corindus Vascular Robotics Inc. for $1.1. billion, an acquisition aimed at broadening its portfolio of medical equipment beyond scanners."
- [roboticsandautomationnews.com](https://roboticsandautomationnews.com/tag/systems/page/48/), 2019-08-23: "Siemens Healthineers is set to acquire what the company describes as a 'forerunner in robotic-assisted vascular interventions', Corindus Vascular Robotics."
- [idataresearch.com](https://idataresearch.com/corindus-vascular-robotics-to-be-acquired-by-siemens-healthineers-ag/), 2019-09-04: "We are pleased to have reached this agreement with Siemens Healthineers."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.