Looks like you’re on the UK site. Choose another location to see content specific to your location

Home Industry News CryoLife completes takeover of Jotec

CryoLife completes takeover of Jotec

6th December 2017

CryoLife has announced the completion of its takeover of the medical technology firm Jotec, a deal worth an initial $225 million (168.09 million pounds).

This agreement will provide CryoLife with better access to the $2 billion global stent graft market by giving it control over a highly competitive and technologically advanced product portfolio.

Jotec is a leading developer of technologically differentiated endovascular stent grafts, and cardiac and vascular surgical grafts, focused on aortic repair. It has achieved a 17 percent revenue compound annual growth rate over the past five years, significantly outpacing the growth of the overall European market.

It is expected that the acquired portfolio will continue to post double-digit growth outside the US for at least the next five years.

Pat Mackin, chairman, president and chief executive officer of CryoLife, said: "We believe this acquisition will enable CryoLife to deliver sustained, high single-digit revenue growth, while also diversifying our revenues into a significantly larger addressable market."

With over 20 years of experience within the medical devices market, we at Zenopa have the knowledge, skills and expertise to help find the right job for you. To find out more about the current medical device roles we have available, you can search for the latest job roles, register your details, or contact the team today.

We currently have 6 jobs available in Pharmacy industry, find your perfect one now.

Stay informed

Receive the latest industry news, Tips
and straight to your inbox.