M&A, Medical device

Medtronic in M&A deals for $200 million acquisition of Cardiocom

Posted on 13 August 2013

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Medtronic bought Cardiocom for $200 million in cash in an M&A deals bid to get into the disease management business.

Cardiocom, the company that was acquired in the M&A deals, makes devices aimed at helping to manage chronic conditions like diabetes or heart disease.

Medtronic, the company that acquired Cardiocom in the M&A deals, said it expects the effect of the buyout to be neutral to fiscal 2014 earnings.

With the M&A deals acquisition of Cardiocom, Medtronic's portfolio of products and services will span the continuum of care for the management of heart failure, which affects an estimated 7.5 million people in the U.S. and is a significant burden to the healthcare system - representing 1.1 million hospital visits per year in the U.S. at a cost of $39 billion each year.

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