Paul Hastings Represents Savacor, Inc. in its Acquisition by St. Jude Medical, Inc
Paul, Hastings, Janofsky & Walker LLP (Paul Hastings) represented Los Angeles-based Savacor, Inc. in its acquisition by St. Jude Medical, Inc. for $50 million in cash at close, with additional undisclosed terms tied to regulatory and sales milestones.
The deal was signed on November 29, 2005 and closed on December 30, 2005 The Paul Hastings team was led by Los Angeles partner Rob Carlson and associate Martin Boskovich. Rob and Martin were assisted by Orange County partner Alexander Lee and associate Goodarz Agahi, and Los Angeles associate Shigenobu Itoh.
About Savacor, Inc.: Savacor® is a medical device company founded to develop, manufacture, market and sell a new concept in implantable medical devices aimed at the rapidly growing segment of cardiac patients with congestive heart failure.
Paul Hastings Janofsky & Walker LLP, founded in 1951, is a leading international law firm with 1,000 attorneys in 17 offices. The firm serves a diverse client base including many of the top financial institutions and Fortune 500 companies, supports clients in all of their legal needs and offers deep capabilities in Banking and Finance, Capital Markets, Corporate/M+A, Litigation and Dispute Resolution, Intellectual Property, Project Finance, Investment Management, Real Estate, Labor and Employment and Tax Advisory Services. For additional information, please visit our website at www.paulhastings.com.