CryoLife (CRY) to Acquire On-X for $130M Upfront

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Go back to CryoLife (CRY) to Acquire On-X for $130M Upfront

CryoLife Announces Definitive Agreement to Acquire On-X Life Technologies Holdings, Inc.

December 22, 2015 4:24 PM EST

ATLANTA, Dec. 22, 2015 /PRNewswire/ -- CryoLife, Inc. (NYSE: CRY), a leading medical device and tissue processing company focused on cardiac and vascular surgery, announced today that it has entered into a definitive agreement to acquire On-X Life Technologies Holdings, Inc. ("On-X"), an Austin, Texas-based, privately held mechanical heart valve company.

J. Patrick Mackin, Chairman, President, and Chief Executive Officer of CryoLife, said, "We believe this will be a transformative acquisition for CryoLife that will significantly enhance the size of our... More