trending Market Intelligence /marketintelligence/en/news-insights/trending/2he4kjx-1ekj6t6sjlxxzg2 content esgSubNav
In This List

Penumbra ups stake in virtual reality JV for $20M cash

Blog

Baird Research is Now Exclusively Available in S&P Global’s Aftermarket Research Collection

Blog

Japan M&A By the Numbers: Q4 2023

Blog

Essential IR Insights Newsletter Fall - 2023

Case Study

A Corporation Clearly Pinpoints Activist Investor Activity


Penumbra ups stake in virtual reality JV for $20M cash

Penumbra Inc. has completed the acquisition of a majority stake in its joint venture MVI Health Inc. for $20 million in cash upfront.

The Alameda, Calif.-based company formed the JV in collaboration with Sixense Enterprises. Both companies previously held a 50/50 stake. As of deal completion, Penumbra owns a 90% stake in MVI Health.

MVI Health develops virtual reality technology for healthcare applications. Penumbra develops, manufactures and markets medical devices in the U.S., Europe, Canada, Australia and Japan.