Skip to main content
Advertising

Originally published May 24, 2013 at 8:35 AM | Page modified May 24, 2013 at 5:11 PM

  • Share:
           
  • Comments (0)
  • Print

Bothell’s Ekos sold for $180M

London-based health-care company BTG has agreed to buy medical-device maker Ekos of Bothell for $180 million or more, the companies said Friday.

Seattle Times business staff

Most Popular Comments
Hide / Show comments
No comments have been posted to this article.
Start the conversation >

advertising

London-based health-care company BTG has agreed to buy medical-device maker Ekos of Bothell for $180 million or more, the companies said Friday.

Ekos developed an ultrasound-enhanced system for breaking up blood clots, marketed since 2006 and now used in 490 U.S. hospitals and another 100 elsewhere.

It had $28 million in revenue last year and a $ 2 million operating profit, compared with $20 million in sales and a $1 million loss the year before, according to a BTG statement.

The company’s 150 employees are expected to remain with BTG, the statement said.

In addition to the $180 million purchase price, the deal has provisions for up to $40 million in future milestone payments.

News where, when and how you want it

Email Icon

Amazon's culture clash.

Amazon's culture clash.

A three-part series by Jay Greene, looking at how Europe is challenging the online retail giant.

Advertising

Advertising


Advertising
The Seattle Times

The door is closed, but it's not locked.

Take a minute to subscribe and continue to enjoy The Seattle Times for as little as 99 cents a week.

Subscription options ►

Already a subscriber?

We've got good news for you. Unlimited seattletimes.com content access is included with most subscriptions.

Subscriber login ►