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LivaNova

Cardiopulmonary and neuromodulation medical devices

Overview

LivaNova focuses on two main areas: neuromodulation therapies and cardiac surgery devices. Its neuromodulation products include vagus nerve stimulation (VNS) therapy for drug-resistant epilepsy and difficult-to-treat depression, while its cardiac devices aid surgeons during heart procedures. The company combines the legacies of Sorin and Cyberonics and has sold non-core units to concentrate on its two core franchises. Its goal is to improve epilepsy and cardiac surgery treatments and pursue growth in related areas such as sleep-disordered breathing therapies.

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About LivaNova

Simplify's Rating
Why LivaNova is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Industrial & ManufacturingHealthcare

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

London, United Kingdom

Founded

2015

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Simplify's take

What believers are saying

  • Q3 2026 revenue rose 9.9% to $393.1 million, and guidance reached 9%-10%.
  • March 2026 aura6000 PMA and October 2026 CPT codes build reimbursement for 2028.
  • Thermo Fisher supply deal and the new oxygenator line expand cardiopulmonary capacity.

What critics are saying

  • SNIA liability was €337.8 million in September 2026; hearing moved to February 2027.
  • 3T Heater-Cooler litigation reached 55 claims worldwide and added $34 million in Q3.
  • If aura6000 stalls before 2028 reimbursement, neuromodulation loses its only new growth engine.

What makes LivaNova unique

  • Essenz heart-lung machines and VNS therapy create two high-switching-cost franchises.
  • March 2026 aura6000 PMA made LivaNova first mover in implanted sleep apnea therapy.
  • Global installed base and 100-country reach support recurring consumables, services, and clinical evidence.

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Funding

Total Funding

$300M

Above

Industry Average

Funded Over

1 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison Coming Soon

Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • 401(k) Retirement Plan
  • Employee Stock Purchase Plan
  • Flexible Work Hours
  • Paid Vacation

Stock Price

Company News

Yahoo Finance
Sep 11th, 2026
LivaNova director sells 17% of stake for $131,500

LivaNova director Francesco Bianchi sold 1,650 ordinary shares for $131,500 on 31 August 2026, according to an SEC Form 4 filing. The shares were sold at $79.72 each, whilst the stock closed at $80.16 the following day. The sale represented 17% of Bianchi's directly held shares prior to the transaction. Following the disposition, the director now holds 7,934 shares directly. LivaNova develops therapeutic medical devices across three segments: Cardiopulmonary products including oxygenators and heart-lung machines, Neuromodulation devices such as the VNS Therapy System, and Advanced Therapies solutions. The company has a market capitalisation of $4.3 billion and generated $1.5 billion in revenue over the trailing twelve months.

Business Wire
Jun 16th, 2026
LivaNova's PolySync programming achieves 84.5% response rate in obstructive sleep apnoea study

LivaNova has announced that its PolySync programming algorithm achieved an 84.5% cumulative response rate in patients with moderate to severe obstructive sleep apnea treated with proximal hypoglossal nerve stimulation. The findings were presented at SLEEP 2026 by lead author Alan Schwartz. The results build on LivaNova's OSPREY trial, which reported a 65% responder rate after 12 months. In the PolySync substudy, patients who initially did not respond underwent reprogramming using simultaneous-contact stimulation, converting most into responders and significantly improving outcomes. The approach was well tolerated with no serious adverse events. PolySync will be available with LivaNova's commercial product. The company is preparing its next-generation obstructive sleep apnea device for FDA submission in the second half of 2026, featuring MRI compatibility and rechargeable battery technology.

Business Wire
Jun 11th, 2026
Jette Nygaard-Andersen joins LivaNova board as medtech company reshuffles directors

LivaNova, a medical technology company, has appointed Jette Nygaard-Andersen to its Board of Directors following its Annual General Meeting on 10 June. Nygaard-Andersen currently chairs Coloplast A/S, a Danish medical device company, and previously served as CEO of Entain plc and in senior roles at Modern Times Group AB. The appointment coincides with Dr Sharon O'Kane stepping down after 10 years on the board. Brooke Story will succeed O'Kane as Chair of the Nominating and Corporate Governance Committee, whilst Peter Wilver assumes leadership of the Compensation and Human Capital Management Committee. LivaNova develops medical solutions for neurological and cardiac conditions, employs approximately 3,300 people, and operates in over 100 countries.

Yahoo Finance
May 6th, 2026
LivaNova posts 10% organic growth in Q2 driven by cardiopulmonary momentum and neuromodulation gains

LivaNova reported 10% organic revenue growth in Q2 2025, driven by cardiopulmonary business momentum and solid neuromodulation performance across all regions. The company also delivered operating margin expansion and strong cash generation. The company announced key clinical milestones, including long-term results from the CORE-VNS study showing an 80% median seizure reduction at 36 months for focal onset seizures and 95% for focal to bilateral tonic-clonic seizures in drug-resistant epilepsy patients. LivaNova initiated the process with CMS to seek national Medicare coverage for VNS therapy in treatment-resistant depression patients, supported by five peer-reviewed publications from the RECOVER study. The company's obstructive sleep apnea programme remains in FDA review, with management expressing confidence in its proximal hypoglossal nerve stimulation technology.

Yahoo Finance
May 6th, 2026
LivaNova posts 13% organic revenue growth in Q3, driven by cardiopulmonary surge and epilepsy gains

LivaNova reported 13% organic revenue growth in Q3 2025, driven by strong performance in cardiopulmonary and epilepsy businesses. The cardiopulmonary segment generated $203 million in revenue, up 16% year-over-year, with heart-lung machine revenue growing over 20%. The company saw accelerated placements of its Essenz heart-lung machines, with most installations in developed markets. LivaNova launched Essenz in China, its second-largest market, in August, with positive early feedback. However, expansion remains constrained by third-party component supply despite progressing manufacturing capacity plans. LivaNova unveiled a refreshed brand identity and new strategic framework, which will be detailed at its investor day on 12 November. The company is focusing on near-term performance whilst investing in core businesses and developing programmes for obstructive sleep apnoea.

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