# MicroPort Endovascular to fully acquire Optimum Medical Device for USD 65 million

MicroPort Endovascular MedTech Group announced it will spend USD 65 million to acquire the remaining 72.7% stake in Optimum Medical Device, an asset-holding firm whose core asset is UK-based Lombard Medical, a developer of aortic stents.

- Type: Acquisition
- Announced: 2024-07-01
- Where: British Virgin Islands
- Value: $65.0M
- Status: announced
- Products: aortic stents
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Lombard Medical](https://endata.com/companies/20848.md) (target)
- [Optimum Medical Device Inc.](https://endata.com/companies/78345.md) (target)
- [MicroPort Endovascular MedTech Group](https://endata.com/companies/78381.md) (acquirer)

## Sources

- [www2.yicaiglobal.com](https://www2.yicaiglobal.com/news/chinas-microport-endovascular-jumps-on-plan-to-buy-rest-of-optimum-medical-device-for-usd65-million), 2024-07-02: "The transaction will help strengthen MicroPort Endovascular's leading position in the aortic intervention medical device market and improve the innovation and R&D of aortic vascular stents."

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