Volcano-CardioSpectra deal could be worth up to $63 million.

Entities Mentioned

• CardioSpectra
• Volcano

1. Volcano Corp., a maker of products designed to diagnose and treat heart disease, said Dec. 10 that it signed an agreement to acquire CardioSpectra, a privately held company based in San Antonio, for a potential $63 million. Under terms of the agreement, Volcano will acquire outstanding equity interests in CardioSpectra for $25 million in cash, plus additional payments of up to $38 million, given it meets certain predetermined benchmarks. Volcano makes products that allow cardiologists to get a clearer picture of what is happening inside the coronary arteries, where plaque can build up and cause heart ... (Read Full Article)

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