Penumbra Buys Controlling Stake In MVI Health
Alameda-based Penumbra, a publicly traded developer of medical devices, said today that it has acquired the controlling interest in its joint venture, MVI Health. Penumbra said it paid $20M in upfront cash to increase its ownership percentage to 90 percent of the equity of MVI Health. MVI was originally founded in May 2017 as a joint venture between Penumbra and Sixense Enterprises.
posted on Tuesday, September 4, 2018
Related companies:
Penumbra Inc
Related stories:
> Penumbra Files For IPO On NYSE
> Seagate Buys Controlling Stake In LaCie
> CrunchFund Buys Tumblr Stake
> Barracuda Networks Acquires Control Of Phion
> Accela Buys Decade Software
silicontap.com Home