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Acquisition agreement for Aimago

Companies: Aimago
Novadaq Technologies
Announcement date: May 12 2014
Deal value, US$m: n/d

Details

Announcement date: May 12 2014
Industry sectors: Medical device

Financials

Deal value, US$m: n/d

Termsheet

Novadaq Technologies announced that all closing conditions have been satisfied and it has completed the acquisition of Aimago.

Aimago was a privately held medical imaging company, founded in 2008 as a spin off from Ecole Polytechnique Federale de Lausanne.

Aimago will continue as a fully owned NOVADAQ subsidiary.

Press Release

Novadaq Technologies, Inc. Completes Acquisition Of Aimago

Novadaq Completes Acquisition Of Aimago

TORONTO, ONTARIO--(Marketwired - May 12, 2014) - With reference to the news release dated April 24, 2014, Novadaq(R) Technologies Inc. ("NOVADAQ" or the "Company") (NASDAQ:NVDQ) (TSX:NDQ), the leading developer and provider of clinically relevant imaging solutions for use in surgical and diagnostic procedures, announced today that all closing conditions have been satisfied and it has completed the acquisition of Aimago SA ("Aimago"). Aimago was a privately held medical imaging company, founded in 2008 as a spin off from Ecole Polytechnique Federale de Lausanne ("EPFL"), a Switzerland based academic and research institution. Aimago will continue as a fully owned NOVADAQ subsidiary.

About Novadaq Technologies Inc.

Enabling medical professionals with clinically relevant, point-of-care imaging solutions to enhance the lives of patients and their caregivers, while reducing health care costs, is NOVADAQ's global mission. SPY(R) fluorescence imaging technology provides surgeons with real-time visualization, leading to improved outcomes and reduced costs without exposing the patient to radiation. More than 100 peer-reviewed publications demonstrate that the use of SPY imaging technologies during complex surgery and diagnostic procedures, leads to lower rates of post-operative complications and lower hospital costs.

SPY Imaging Systems are United States Food and Drug Administration 510(k) cleared for use in seven surgical specialties. The endoscopic version of SPY called PINPOINT(R), combines the capabilities of SPY Imaging with high definition ("HD") visible light visualization offered by conventional endoscopes. LUNA(TM) is used to assess perfusion in patients being treated for non-healing wounds. NOVADAQ is also developing point-of-care imaging products based on novel technologies that it has acquired, including surgical scintigraphy imaging technology, which is being developed for perioperative imaging of sentinel lymph nodes and tumor margins, and the EasyLDI Perfusion Camera, which is expected to be optimal for screening and pre-diagnostic uses in multiple settings including doctor's offices where patients are assessed for wounds, burns and limb ischemia. NOVADAQ's unique business model of partnering with market-leading companies to drive adoption of our imaging technology, while building our own commercial infrastructure, is the cornerstone of our corporate strategy for growth.

Filing Data

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Contract

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