Tuesday, September 4, 2018

Penumbra Buys Controlling Stake In MVI Health

Alameda-based Penumbra, a publicly traded developer of medical devices, said today that it has acquired the controlling interest in its joint venture, MVI Health. Penumbra said it paid $20M in upfront cash to increase its ownership percentage to 90 percent of the equity of MVI Health. MVI was originally founded in May 2017 as a joint venture between Penumbra and Sixense Enterprises.