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ACQUIRED COMPANY
 
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AccessClosure  Acquired by Cardinal Health (2014 $ 320,000,000 )

5452 Betsy Ross Drive
Santa Clara, CA 95054
USA
408.610.6500
Website Company Summary Management Team
Management

CEO: Gregory D. Casciaro (06/07/2010)
President/COO/Operations: Jim Fortune (2009)
General Management: Susan Aloyan (2007)
Technology: Glenn Julyan (1/31/2008) ; Ron Hundertmark (5/31/2011)
Sales/Marketing: Michael Devine; Ariel K. Sutton
Board

Outside board: (May no longer be on the board) Jeff Gold (Longitude Capital Venture Partner) Fred Khosravi (AccessClosure Chairman) Jeani Delagardelle (New Leaf Venture Partners)
Company

Business description: AccessClosure develops arterial closure devices. The Matrix VSG™ System has been developed by AccessClosure to seal femoral arterial puncture sites after endovascular procedures through the simultaneous injection of two synthetic fluid components into the tissue tract of the access site. Once the two fluids are delivered, they mix subcutaneously to form a hydrogel sealant over the arterial access site, around the artery, and in the tissue tract. The fluids are comprised of fully synthetic and non thrombogenic polyethyleneglycol (PEG), a biomaterial commonly used in medical devices and pharmaceutical products. The PEG hydrogel is designed to be fully absorbable in the body within 30 days, leaving behind only a completely healed puncture site. The material is designed so that if the PEG hydrogel is inadvertently injected into the artery, it will dissipate in flowing blood, thus minimizing catastrophic closure complications. The Matrix VSG System is designed to provide benefits of Safety, Simplicity, and Patient Comfort.
Capital

Rounds: 3
Recent Fundings: Mar 2012   Dec 2007
Capital raised: 54.1M
Last Round: 2.7M
Ownership: Acquired by Cardinal Health (2014 $ 320,000,000 )

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Overview
Record updated: Apr 2014
Sector: Medical
Year Founded: 2002
Headcount: 101-150
Rounds: 3
Recent Fundings: Mar 2012   Dec 2007
Capital Raised: 54.1M
Last Round: 2.7M
Ownership: Acquired by Cardinal Health (2014 $ 320,000,000 )