Medtronic set to pay up to $500 million to buy Invatec

January 2010
Medical Device Daily;1/26/2010, Vol. 14 Issue 16, p1
The article reports that Medtronic will pay up to 500 million U.S. dollars to acquire Invatec. Medtronic decided to make an initial payment of 350 million U.S. dollars and additional milestone payments of up to 150 million U.S. dollars. According to Scott Ward of Medtronic, the acquisition of Invatec will speed up the growth of Medtronic's CardioVascular business.


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