St. Jude Medical In Talks to Acquire Thoratec Corp.

St. Jude Medical Inc. is said to be in talks to acquire implant maker Thoratec Corporation. The maker of implants that aid failing hearts saw their stock reach an all time high today at $57.98 per share. According to Bloomberg, Thoratec Corp. is valued around $3 billion. 

Consolidation in the medical device space has been rampant over the last year in an attempt to gain more bargaining power with hospitals. Neither side could be reached for comment. Stay tuned for more information regarding this potential deal.

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