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Parts of this article (those related to acquisition by Medtronic in 2010) need to be updated.(February 2011) |
Company type | Public |
---|---|
Nasdaq: ATSI | |
Industry | Medical Technology |
Founded | 1992 |
Headquarters | Minneapolis, Minnesota, United States |
Key people | Michael D. Dale (president and CEO) |
Products | Mechanical heart valves |
Revenue | US$75.7M (FY 2009) [1] |
US$-3.72M (FY 2009) [1] | |
US$-6.31M (FY 2009) [1] | |
Total assets | US$121M (FY 2009) [2] |
Total equity | US$88.9M (FY 2009) [2] |
Number of employees | 245 [3] |
Website | www |
ATS Medical, Inc. 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:
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Manny Villafaña, a child of Puerto Rican immigrants, he attended Cardinal Hayes High School in the Bronx. He began his medical career in 1964 at medical-device exporter Picker International. In 1967, he was hired away from Picker by Earl Bakken, CEO of Medtronic to become their first international sales administrator.
Mazor Robotics was an Israeli medical device company and manufacturer of a robotic guidance system for spine surgery that was acquired by Medtronic in December 2018. Surgeons that utilized Mazor Robotics Renaissance generally specialize in orthopedic surgery or neurosurgery.
Edwards Lifesciences is an American medical technology company headquartered in Irvine, California, specializing in artificial heart valves and hemodynamic monitoring. It developed the SAPIEN transcatheter aortic heart valve made of cow tissue within a balloon-expandable, cobalt-chromium frame, deployed via catheter. The company has manufacturing facilities at the Irvine headquarters, as well as in Draper, Utah; Costa Rica; the Dominican Republic; Puerto Rico; and Singapore; and is building a new facility due to be completed in 2021 in Limerick, Ireland.
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The Hancock Aortic Tissue Valve is a prosthetic heart valve used in cardiac surgery to replace a damaged or diseased aortic valve. It is a bioprosthetic valve, meaning it is constructed using biological tissues, specifically porcine (pig) valve tissue. This valve is widely utilized in the field of cardiovascular surgery to restore proper blood flow through the heart.