Medical Instruments & Supplies M&A » By The Online Investor Staff, updated Thu., May. 9, 4:00 PM
Recent mergers and acquisitions in the Medical Instruments & Supplies M&A category.
Slide #68. Medtronic, Inc. — Cardiocom
Acquirer: |
Medtronic, Inc. (NYSE:MDT) |
Acquiree: |
Cardiocom |
Details: |
Medtronic, Inc. (NYSE:MDT) today announced the closing of the acquisition of Cardiocom, a privately held developer and provider of integrated telehealth and patient services for the management of chronic diseases, in an all cash transaction valued at $200 million. Medtronic expects the net impact from this transaction to be neutral to fiscal year 2014 earnings and for this transaction to be consistent with the company's disciplined focus on long-term returns. |
Medtronic is a medical technology, services and solutions company. Co.'s operating and reportable segments are as follows: Cardiovascular Portfolio, which is made up of the cardiac rhythm and heart failure, structural heart and aortic, and coronary and peripheral vascular divisions; Medical Surgical Portfolio, which is made up of the surgical innovations and respiratory, gastrointestinal, and renal divisions; Neuroscience Portfolio is made up of the cranial and spinal technologies, specialty therapies, and neuromodulation divisions; and Diabetes Operating Unit, which develops, manufactures, and markets products and services for the management of Type 1 and Type 2 diabetes.
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May 9, 2024 4:00 PM Eastern
Buy (2.76 out of 4)
16th percentile
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