U.S. Edwards Lifesciences to buy CAS Medical Systems for about $100 mln

02/13/2019 8:22:00 AM (GMT)

U.S.-based medical equipment company Edwards Lifesciences Corp. plans to buy medical technology company CAS Medical Systems Inc in an all-cash deal.

The transaction values CAS Medical Systems at about $100 million.

Edwards said that the move will strengthen its leadership in smart monitoring technologies by providing physicians with a more comprehensive status of its surgical and critically ill patients.

In 2017, Edwards Lifesciences generated about $3.4 billion in revenue.

Edwards Lifesciences Corp.

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