ATS Medical

Last updated
ATS Medical, Inc.
TypePublic (NASDAQ: ATSI)
Industry Medical Technology
Founded1992
Headquarters Minneapolis, Minnesota, United States
Key people
Michael D. Dale, President and CEO
Products Mechanical heart valves
RevenueIncrease2.svg US$75.7M (FY 2009) [1]
Decrease2.svg US$-3.72M (FY 2009) [1]
Decrease2.svg US$-6.31M (FY 2009) [1]
Total assets Increase2.svg US$121M (FY 2009) [2]
Total equity Increase2.svg US$88.9M (FY 2009) [2]
Number of employees
245 [3]
Website www.atsmedical.com

ATS Medical, Inc. (NASDAQ: ATSI) was a developer and manufacturer of products for the cardiac surgery market based in Minneapolis, Minnesota. It was acquired by Medtronic in 2010.

The publicly traded company was founded in 1992 by Manny Villafana, an entrepreneur in the cardiology/cardiac surgery industry. The company introduced a mechanical heart valve incorporating a pivot mechanism consisting of protruding spheres on which the valve’s leaflets pivot to open and close. This was intended to eliminate the cavity created by the pivot of all other bileaflet valves and to improve blood flow through the valve, minimizing potential for blood clot formation. The ATS Open Pivot Heart Valve was first sold in international markets in 1992 and subsequently granted FDA clearance to sell in the United States in 2000. To date more than 140,000 valves have been implanted worldwide.

The company subsequently developed a more diversified cardiac surgery business offering several categories of products:

In 2010, ATS Medical was acquired by Medtronic. [4]

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References

  1. 1 2 3 ATS Medical (ATSI) annual SEC income statement filing via Wikinvest.
  2. 1 2 ATS Medical (ATSI) annual SEC balance sheet filing via Wikinvest.
  3. "Company Profile for ATS Medical Inc (ATSI)". Archived from the original on 2011-07-18. Retrieved 2008-10-20.
  4. Lee, Thomas (2010-04-29). "Medtronic Inc. buys ATS Medical for $370 million". MedCity News. Retrieved 2021-07-15.