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FINANCIAL NEWS
Bahrain’s Arcapita sells medical firm for USD450m
01 Jul 2014
(MENAFN) Arcapita, an investment management firm headquartered in Bahrain, said its Arcapita Ventures I has recently sold USD450 million-worth medical device firm CardioMEMS, according to Arabian Business.
CardioMEMS has been sold to the US-based St Jude Medical, which had previously invested USD60 million for a 19 percent shareholding of the company.
It has now exercised an exclusive option to purchase the remaining 81 percent of the company, in a transaction valued in excess of USD450 million.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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