ATS Medical, Inc
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ATS Medical, Inc - overview
Established
1987
Location
Minneapolis, MN, US
Primary Industry
Medical Devices & Equipment
About
ATS Medical, Inc. is a healthcare technology company focused on developing and manufacturing advanced medical devices that enhance surgical procedures and improve patient outcomes in the cardiology and cardiac surgery sectors. Founded in 1987, ATS Medical, Inc. specializes in cardiac surgery solutions, primarily known for its innovative heart valve technologies.
The headquarters is located in Minneapolis, US. In August 2010, the company was acquired by Medtronic Inc. for USD 370 mn, marking a significant milestone in its operational strategy. ATS Medical, Inc.
offers a range of products designed for cardiac surgery, including mechanical heart valves and associated surgical technologies. These products are aimed at hospitals and healthcare professionals, contributing to improved patient outcomes during heart valve surgeries. In 2009, ATS Medical reported a revenue of USD 75. 71 mn and an EBITDA of USD 1.
54 mn, generated through direct sales of their innovative cardiovascular products to healthcare providers. Following the acquisition by Medtronic Inc. in August 2010, the integration of ATS Medical's technologies within Medtronic's broader portfolio is expected to enhance product offerings in cardiac care. Future growth will likely focus on international market expansion, leveraging Medtronic's global reach to introduce advanced heart valve solutions to new regions.
Current Investors
Essex Woodlands, Alta Partners
Primary Industry
Medical Devices & Equipment
Sub Industries
Medical Devices & Equipment
Website
www.medtronic.com
Total Amount Raised
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ATS Medical, Inc - financials
| Fiscal Year Ended | Dec 31, 2003 | Dec 31, 2004 | Dec 31, 2005 | Dec 31, 2006 | Dec 31, 2007 | Dec 31, 2008 | Dec 31, 2009 |
|---|---|---|---|---|---|---|---|
| Revenue (USD) | 18,484,000 | 28,015,000 | 34,636,000 | 40,449,000 | - | - | - |
| % Revenue Growth (YoY) | - | 51.6% | 23.6% | 16.8% | - | - | - |
| EBITDA (USD) | (12,075,000) | (15,609,000) | (14,624,000) | (25,609,000) | - | - | - |
| Operating Income (USD) | (12,867,000) | (16,697,000) | (16,187,000) | (27,533,000) | - | - | - |
| Operating Margin | (69.6%) | (59.6%) | (46.7%) | (68.1%) | - | - | - |
| % EBITDA Margin | (65.3%) | (55.7%) | (42.2%) | (63.3%) | - | - | - |
| NET Income (USD) | (13,292,000) | (16,643,000) | (16,563,000) | (27,674,000) | - | - | - |
| % Net Margin | (71.9%) | (59.4%) | (47.8%) | (68.4%) | - | - | - |
ATS Medical, Inc - employee data
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