M&A Deal Summary

Covidien Acquires Confluent Surgical

On August 1, 2006, Covidien acquired medical products company Confluent Surgical from Tyco International for 236M USD

Acquisition Highlights
  • This is Covidien’s 2nd transaction in the Medical Products sector.
  • This is Covidien’s 8th largest (disclosed) transaction.
  • This is Covidien’s 2nd transaction in the United States.
  • This is Covidien’s 1st transaction in Massachusetts.
Investment Fate
  • Confluent Surgical was divested to a consortium of strategic buyers in 2013 for 265M USD.

M&A Deal Summary

Date 2006-08-01
Target Confluent Surgical
Sector Medical Products
Buyer(s) Covidien
Sellers(s) Tyco International
Deal Type Divestiture
Deal Value 236M USD

Target

Confluent Surgical

Waltham, Massachusetts, United States
Confluent Surgical, Inc.develops products to address the need for surgical sealing and post-surgical adhesion prevention applications.

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Buyer(S) 1

Buyer

Covidien

Dublin, Ireland

Category Company
Sector Medical Products
Employees38,500
Revenue 10.2B USD (2013)
DESCRIPTION
Covidien office in Plymouth, Minnesota.
Covidien office in Plymouth, Minnesota.

Covidien plc is a global healthcare technology and medical supplies provider. Covidien was formed as a spin-off from Tyco in 2007 and is based in Dublin, Ireland.


DEAL STATS #
Overall 3 of 21
Sector (Medical Products) 2 of 15
Type (Divestiture) 2 of 4
State (Massachusetts) 1 of 3
Country (United States) 2 of 16
Year (2006) 2 of 2
Size (of disclosed) 8 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-20 Floreane Medical Implants SA

Trevoux, France

Floreane,offer the largest and most innovative range of mesh implants of any company in this field, and have developed products for soft tissue repair including hernia repair, pelvic floor reconstruction, incontinence, urinary, adhesion prevention and obesity surgery. Floreane's technology has been used in successful clinical applications for more than 10 years, helping improve patient outcomes around the world.

Buy $123M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-08 Scandius BioMedical

Littleton, Massachusetts, United States

Scandius BioMedical, Inc. headquartered in Littleton, Massachusetts, designs, manufactures, and markets products for the orthopedic sports medicine market. The Company is focused on accelerating innovative solutions for minimally invasive orthopedic sports medicine procedures. With its STRATIS? ACL Femoral Fixation Implant and its TriTis? Tibial Fixation System and Implant the Company is able to offer surgeons a complete solution for their soft tissue ACL reconstruction needs. Both technologies offer surgeons a simplified approach to repairing the single most common sports-related orthopedic joint injury - the reconstruction of a torn anterior cruciate ligament. Scandius maintains a strong R&D pipeline focused on procedure specific products that treat a variety of sports-related injuries, with future developments addressing the areas of meniscal repair, articular cartilage and arthroscopic shoulder surgery.

Buy -

Seller(S) 1

SELLER

Tyco International

Mahon, Ireland

Category Company
Founded 1960
Sector Safety/Security
Employees57,000
Revenue 9.9B USD (2015)
DESCRIPTION
Tyco office in Irvine, California.
Tyco office in Irvine, California.

Tyco International Ltd. is a global provider of security products and services, fire detection and suppression products and services and life safety products. The Company's portfolio of products and services, sold under brands such as Tyco, SimplexGrinnell, Sensormatic, Wormald, Ansul, Simplex, Scott and ADT serve security, fire detection and suppression and life safety needs across commercial, industrial, retail, institutional and governmental markets. Tyco International Ltd. was established in 1960 and is headquartered in Mahon, Ireland.


DEAL STATS #
Overall 5 of 18
Sector (Medical Products) 2 of 3
Type (Divestiture) 5 of 14
State (Massachusetts) 1 of 1
Country (United States) 3 of 8
Year (2006) 2 of 4
Size (of disclosed) 5 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-18 Confluent Surgical

Waltham, Massachusetts, United States

Confluent Surgical, Inc.develops products to address the need for surgical sealing and post-surgical adhesion prevention applications.

Buy $245M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-27 Tyco Printed Circuit Group

Dallas, Oregon, United States

Tyco Printed Circuit Group is a producer of complex, high performance and specialty printed circuit boards and one of the major suppliers of military and aerospace PCBs in North America.

Sell $226M