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M&A Deal Summary

Covidien Acquires Oridion Systems

On April 5, 2012, Covidien acquired medical products company Oridion Systems for 300M USD

Acquisition Highlights
  • This is Covidien’s 9th transaction in the Medical Products sector.
  • This is Covidien’s 7th largest (disclosed) transaction.
  • This is Covidien’s 2nd transaction in Israel.

M&A Deal Summary
Date 2012-04-05
Target Oridion Systems
Sector Medical Products
Buyer(s) Covidien
Deal Type Add-on Acquisition
Deal Value 300M USD
Advisor(s) J.P. Morgan Securities (Financial)

Target

Oridion Systems

Jerusalem, Israel
Oridion is a developer of Microstream capnography monitors and modules, in conjunction with specialized algorithms, as well as etCO2 breath sampling lines. Together, these products monitor adequacy of ventilation and provide an early indication of airway compromise to make patient care safer and easier.

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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 12 of 21
Sector: Medical Products M&A 9 of 15
Type: Add-on Acquisition M&A Deals 8 of 17
Country: Israel M&A 2 of 4
Year: 2012 M&A 5 of 10
Size (of disclosed) 7 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-19 superDimension

Herzliya, Israel

superDimension is a privately-held medical device company that develops and markets minimally-invasive pulmonology devices that enable the diagnosis and potentially the treatment of distal lung disease.

Buy $300M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-30 Polytouch Medical

M.P. Misgav, Israel

PolyTouch Medical is a medical device company dedicated to developing gold standard solutions for laparoscopic surgery. A pioneer of mesh deployment and placement devices for laparoscopic hernia repair.

Buy -
Mergr

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