LivaNova
| LivaNova PLC | |
|---|---|
| legal form | Public Company (UK) |
| ISIN | GB00BYMT0J19 |
| founding | 2015 |
| Seat | London |
| management | Damien McDonald (CEO) |
| Number of employees | 4000 |
| sales | US $ 1.1 billion |
| Branch | Medical technology |
| Website | www.livanova.com |
| Status: February 2020 | |
LivaNova PLC is a global medical technology company headquartered in London. LivaNova is represented in more than 100 countries worldwide and employs more than 4000 people. The company is divided into two business franchises: Cardiovascular and Neuromodulation.
history
On February 26, 2015, the Italian Sorin Group (2014 sales of EUR 746 million ) and the US Cyberonics announced that they were planning a merger among equals. The Cyberonics shareholders should hold 54% and the previous Sorin shareholders 46% in the new company based in Great Britain , which should trade as LivaNova PLC. The CEO of Sorin Group André-Michel Ballester will perform the same function in the new company, while the CEO of Cyberonics, Dan Moore, the Board chairmanship ( Chairman of the Board will take over). The merger was completed on October 19, 2015. In November 2017, it was announced that the heart rhythm management business would be transferred to Shanghai-based MicroPort for $ 190 million in cash, and the acquisition was completed in April 2018.
Locations
LivaNova has production and development locations in the following countries:
Germany
Medical devices ( heart-lung machines , autotransfusion systems and hypothermia devices ) are developed and manufactured at the Munich site . The current location was relocated on November 24, 2000. In 2014 the plant was expanded to a total of 11,000 m².
The origins of LivaNova Deutschland GmbH go back to August Stöckert. From 1940, the company dealt with the repair and custom-made manufacture of surgical instruments. In 1973, the development and production of the first modular heart-lung machines began and "Stöckert Instrumente GmbH & Co. KG" was founded by Friedemann Stöckert (1941–2016), the son of August Stöckert. Until the 1970s, the company was located at Fürstenstrasse 12 in Munich. Afterwards there will be a move to Osterwaldstraße 10. In 1980, the product range was expanded by taking over Medi-Globe CardioPlast in Ludwigsstadt . The structure of the overall company created in this way now made it possible to manufacture customer-specific products in addition to an extensive standard program. In 1983, Stöckert was taken over by Shiley Inc. from Pfizer . In 1992 Pfizer sold Stöckert to Sorin Biomedica SpA On February 15, 2017 the name of Sorin Group Deutschland GmbH was changed to LivaNova Deutschland GmbH. In 2016, the location achieved sales of € 121.1 million.
Italy
Research, development and production of mechanical heart valves, rings, accessories and nitinol stents are located at the Saluggia site .
At the Mirandola plant , a. Manufactured disposable items for autotransfusion systems and oxygenators. With over 700 employees, the location is the largest LivaNova location. On May 20 and 29, 2012, the plant was hit by several severe earthquakes. Some buildings were badly damaged. However, there was no personal injury.
France
The location in Clamart was relocated on June 10, 2010. The development department for pacemakers was located in this new complex with 9200 m² of floor space and the production for pacemakers (electronics) on around 3200 m². The location went to MicroPort in 2018 with the sale of the Cardiac Rhythm Management division.
United States
Disposable items such as oxygenators and hose sets for the American market are manufactured in Denver .
More than 300 people are employed at the Houston site . Over 14,000 neuromodulation devices are manufactured for worldwide use.
Canada
In Burnaby , the group employs around 250 people for heart valve production. The company in Canada was founded in 1982.
Dominican Republic
Cardiac pacemakers are produced for the American market at the Santo Domingo site .
Brazil
Heart-lung machines, oxygenators and tube sets for the South American market are manufactured in São Paulo .
Products
| Business franchise | Product group | product | Production site (s) | particularities |
|---|---|---|---|---|
| Cardiac surgery | Life-support-machine | S5, C5 | Munich | Modularity |
| Cardiac surgery | ATS | Xtra, Xvac | Munich | |
| Cardiac surgery | Temperature control unit | 3T heater cooler | Lauda-Koenigshofen | |
| Cardiac surgery | Oxygenators | Inspire kids | Mirandola | |
| Cardiac surgery | Data management systems | Connect & HeartLink | Munich | |
| Cardiac surgery | heart valves | Parceval | Saluggia | |
| Cardiac surgery | heart valves | u. a. Solo Smart, Soprano Armonia, Fredom Solo | Saluggia , Denver , Burnaby | Biological heart valves |
| Cardiac surgery | heart valves | u. a. Memo 3D, Carbo-Seal Valsal, Bicarbon, Pyrolytic Carbon | Saluggia | Mechanical heart valves |
| Cardiac surgery | heart valves | u. a. Memo 3DTM, Memo 3D ReChordTM, AnnuloFloTM, AnnuloFlexTM | Saluggia , Denver , Burnaby | Repair kit |
| Cardiac surgery | Cannulas | Optiflow | Mirandola | |
| Neuromodulation | VNS Therapy System | PulseTM, Pulse DuoTM, Demipulse, Demipulse Duo, AspireHC, AspireSR | Houston |
Market environment
Sales and market shares as of 2016, CRM as of 2013. The Cardiopulmonary product line includes oxygenators , heart-lung machines and automated autotransfusion
| branch | Sales volume in € million | Market volume in € million | Market share in% | Market growth in% p. a. | Competitor |
|---|---|---|---|---|---|
| Cardiopulmonary | 475 | 2,000 | 23.8 | 1-3 | Medtronic , Maquet , Terumo |
| Neuromodulation | 350 | 4,100 | 8.5 | > 10 | Medtronic , Boston Scientific , Abbott Laboratories |
| Pacemaker (division sold in 2018) | 278 | 4,000 | 6.9 | > 5 | Medtronic , Abbott Laboratories , Boston Scientific , Biotronik |
| heart valves | 140 | 1,700 | 8.2 | 1-3 | Medtronic , Abbott Laboratories , Edwards Lifesciences |
Sales by market
All sales figures rounded up in millions of USD.
| region | Cardiac surgery | Neuromodulation | Cardiac Rhythm Management | Other | total |
|---|---|---|---|---|---|
| United States | $ 182 million | $ 298 million | $ 10 million | - | $ 490 million |
| Europe | $ 173 million | $ 32 million | $ 197 million | $ 0.1 million | $ 402.1 million |
| rest | $ 257 million | $ 21 million | $ 42 million | $ 1.6 million | $ 321.6 million |
| total | $ 612 million | $ 351 million | $ 249 million | $ 1.7 million | $ 1,213.7 million |
Investors
LivaNova has 48,185,995 shares in circulation. The largest investors with 3% and more share ownership are (as of November 2, 2017)
| Shareholders | shares | Percentage ownership % |
|---|---|---|
| Franklin Resources Inc. | 5,089,070 | 10.56 |
| Fidelity Management and Research Company | 4,806,877 | 9.98 |
| BlackRock Institutional Trust Company NA | 4,648,780 | 9.65 |
| FEquinox Two S approx | 4,318,388 | 8.96 |
| Templeton Investment Counsel LLC | 3,723,569 | 7.73 |
| T. Rowe Price Associates, Inc. | 2,513,179 | 5.22 |
| Columbia Wanger Asset Management LLC | 2,002,719 | 4.16 |
| Fidelity Advisor® Small Cap Value A. | 1,980,051 | 4.11 |
| State Street Corp. | 1,835,428 | 3.81 |
| Capital Research Global Investors | 1,650,000 | 3.42 |
| VA CollegeAmerica New Economy 529F | 1,650,000 | 3.42 |
| T. Rowe Price International Stock | 1,539,441 | 3.19 |
| Free float | 12,428,493 | 25.79 |
Web links
- Sales and global market by product division 2017 LivaNova PLC Investor Day NYC
- Market volume oxygenators
- LivaNova Annual Report 2016
- LivaNova shareholders
- Acquisitions by investors as of November 2, 2017
Individual evidence
- ↑ LivaNova Reports Fourth Quarter and Full-Year 2019 Results. In: www.livanova.com. LivaNova PLC, accessed April 26, 2020 .
- ↑ About Us. In: www.livanova.com. LivaNova PLC, accessed April 26, 2020 .
- ^ Products & Therapies. In: www.livanova.com. LivaNova PLC, accessed April 26, 2020 .
- ↑ http://www.bizjournals.com/houston/morning_call/2015/06/houston-italian-med-device-companies-announce-name.html
- ↑ Archived copy ( memento of the original from June 26, 2015 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ Merged Houston company begins trading under new name . Houston Business Journal. 19th October 2015.
- ↑ Livanova pulls out of cardiac rhythm management. In: CardiacRhythmNews. BIBA Medical, accessed April 26, 2020 .
- ↑ LivaNova Completes Sale of Cardiac Rhythm Management Business to MicroPort Scientific. In: Diagnostic and Interventional Cardiology (DAIC). Wainscot Media, accessed April 26, 2020 .
- ↑ Products that are manufactured on site , accessed on October 11, 2017
- ↑ Exclusive ranking of the splendor and misery of German cities , accessed on October 11, 2017
- ↑ Stöckert, August ( memento of April 2, 2016 in the Internet Archive ), in the SLUB's personal wiki
- ^ Obituary notice Friedemann Stöckert , FAZ , April 16, 2016
- ^ W. Kohlhammer: The hospital. Volume 56, pp. A-82.
- ^ Machine market: MM, Volume 81, issues 70-78
- ↑ Archived copy ( memento of the original from October 2, 2013 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. , On the takeover of Medi-Globe CardioPlast GmbH, accessed on October 11, 2017
- ↑ http://articles.latimes.com/1991-03-15/business/fi-142_1_heart-valves , On the takeover of Stöckert Instrumente by Shiley Inc., then part of Pfizer, October 11, 2017
- ↑ http://www.nytimes.com/1992/02/15/business/company-news-fiat-pfizer-deal.html?n=Top%2fReference%2fTimes%20Topics%2fSubjects%2fF%2fFinances , for the takeover of Stöckert by Sorin Biomedica SpA, Retrieved October 11, 2017
- ↑ https://www.northdata.de/%5B2017-02-15%5D?id=3267415008&type=publication , accessed on October 11, 2017
- ↑ https://www.northdata.de/livanova , accessed on October 11, 2017
- ↑ Livanova to Restructure its Heart Valve Business Line and End Caisson Transcatheter Mitral Valve Replacement Program. (PDF) LivaNova PLC, November 20, 2019, accessed on April 26, 2020 (English).
- ↑ Archived copy ( Memento of the original from May 19, 2014 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. Press release on the earthquake in Mirandola
- ↑ Archived copy ( memento of the original dated June 6, 2016 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. Retrieved October 11, 2017
- ↑ Worldwide locations. MicroPort CRM Pty Ltd, accessed April 26, 2020 .
- ↑ http://www.sorin.com/press-release/sorin-biomedica-completes-acquisition-cobe-cv/ ( page no longer available , search in web archives ) Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice. Retrieved October 11, 2017
- ↑ http://www.houstonchronicle.com/local/prognosis/article/Cyberonics-touts-epilepsy-depression-5888871.php/ Retrieved October 13, 2017
- ↑ http://www.bctechnology.com/companies/Sorin-Group-Canada-Inc.cfm/ Retrieved October 11, 2017
- ↑ Archived copy ( Memento of the original from June 7, 2012 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. Retrieved October 11, 2017
- ↑ http://files.shareholder.com/downloads/CYBX/0x0x812034/ccac40e1-2518-428e-a5e9-6cabababfbd1/Sorin%20Group%20Fact%20Sheet.pdf/ Accessed October 13, 2017
- ↑ Archived copy ( Memento of the original from March 4, 2016 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. Alcard product page.Retrieved October 11, 2017
