Volcano Reports Deal to Purchase Pioneer Plus Re-Entry Catheter Product Line from Medtronic

Volcano Corporation VOLC, a leading developer and manufacturer of precision guided therapy tools designed to enhance the diagnosis and treatment of coronary and peripheral vascular disease, said today it has signed an agreement to acquire the Pioneer Plus™ diagnostic ultrasound transducer and percutaneous catheter from Medtronic, Inc. MDT. The transaction is structured as an asset purchase and is expected to close by the end of August, subject to customary closing conditions.