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January 7, 2013
13:45 EDTHTWRHeartWare says Q4 revenue reflects positive launch trends
The company said, "These results reflect positive initial trends in the commercial launch of the HeartWare Ventricular Assist System in the U.S., as approximately 40 percent of fourth quarter revenues were derived from domestic sales. In addition, we remain optimistic about long-term global market growth prospects and HeartWare's role in stimulating that growth. This sentiment is bolstered by our observed revenue growth of approximately 40 percent in the fourth quarter over the fourth quarter of 2011, and approximately 33 percent growth in full-year 2012 revenues over 2011."
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September 1, 2015
16:21 EDTHTWRHeartWare agrees to acquire Valtech Cardio
HeartWare announced that it has entered into a definitive agreement to acquire Valtech Cardio. According to the terms of the agreement, Valtech shareholders will receive an up-front consideration of 4.4M shares of HeartWare common stock; 800,000 shares of HeartWare common stock, contingent upon CE Mark approval for Cardioband; and 700,000 shares of HeartWare common stock upon the earlier of first-in-man implants for either Cardioband tricuspid or CardioValve. The transaction also includes warrants to purchase 850,000 shares of HeartWare common stock at an exercise price of $83.73 per share exercisable upon attainment of $75M in net sales of Valtech products, and an earn-out payment of $375M, upon attainment of $450M of net sales of Valtech products. This transaction was approved by the boards of HeartWare and Valtech, with holders of more than 70% of Valtech's shares having signed support agreements committing to the transaction. The transaction is subject to regulatory approvals, as well as HeartWare stockholder and Valtech shareholder approvals. The closing of the transaction is expected in late 2015.

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