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Thoratec Corporation Authorizes $100 Million Share Repurchase Program
Date:2/14/2011

PLEASANTON, Calif., Feb. 14, 2011 /PRNewswire/ -- Thoratec Corporation (Nasdaq: THOR), a world leader in device-based mechanical circulatory support therapies to save, support and restore failing hearts, announced today that its Board of Directors has authorized the repurchase of up to $100 million of the company's shares of common stock over the next year.

"This authorization reflects our confidence in the long-term strength of the company, as well as our focus on enhancing shareholder value. With nearly $470 million in cash and investments at the end of 2010, we believe we have the necessary financial resources to fund our market expansion and product development strategies, pursue business development opportunities, and return value to shareholders," said Gary F. Burbach, president and chief executive officer.

Repurchases will take place on the open market or in privately negotiated transactions from time to time based on market and other conditions.  The program is effective immediately, and it may be modified, suspended, terminated or extended by the company at any time without prior notice.

Thoratec is a world leader in therapies to address advanced-stage heart failure. The company's products include the HeartMate® LVAS and Thoratec® VAD (Ventricular Assist Device) with more than 15,000 devices implanted in patients suffering from heart failure. Thoratec is headquartered in Pleasanton, California. For more information, visit the company's web site at http://www.thoratec.com.

Thoratec, the Thoratec logo, HeartMate and HeartMate II are registered trademarks of Thoratec Corporation and IVAD is a trademark of Thoratec Corporation. CentriMag is a registered trademark of Levitronix LLC.

Many of the preceding paragraphs, particularly but not exclusively those addressing future performance
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SOURCE Thoratec Corporation
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