M&A Deal Summary

Medtronic Acquires PercuSurge

On December 21, 2000, Medtronic acquired medical products company PercuSurge

Acquisition Highlights
  • This is Medtronic’s 8th transaction in the Medical Products sector.
  • This is Medtronic’s 7th transaction in the United States.
  • This is Medtronic’s 3rd transaction in California.

M&A Deal Summary

Date 2000-12-21
Target PercuSurge
Sector Medical Products
Buyer(s) Medtronic
Deal Type Add-on Acquisition

Target

PercuSurge

Sunnyvale, California, United States
PercuSurge, Inc. has a number of products to treat complications arising from the release of embolic debris during interventional procedures. Its current product, the PercuSurge GuardWire Plus Temporary Occlusion and Aspiration system, is designed to allow cardiologists and other interventional specialists to capture embolic debris that might otherwise block downstream vessels and branches during interventional procedures and damage the heart.

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Buyer(S) 1

Buyer

Medtronic

Dublin, Ireland

website


Category Company
Founded 1949
Sector Medical Products
Employees90,000
Revenue 31.7B USD (2022)
DESCRIPTION
Medtronic's operational headquarters in Fridley, Minnesota.
Medtronic's operational headquarters in Fridley, Minnesota.

Medtronic is a global medical technology company whose products aim to alleviate pain, restore health, and extend life. Medtronic serves hospitals, physicians, clinicians, and patients in approximately 160 countries worldwide. Medtronic was founded in 1949 and is based in Dublin, Ireland with its operational headquarters in Fridley, Minnesota.


DEAL STATS #
Overall 8 of 58
Sector (Medical Products) 8 of 51
Type (Add-on Acquisition) 8 of 56
State (California) 3 of 21
Country (United States) 7 of 44
Year (2000) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-08-27 Xomed Surgical Products

Jacksonville, Florida, United States

Xomed Surgical Products, Inc. manufactures surgical products for treating ear, neck, and throat (ENT) conditions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-12-06 VidaMed

Fremont, California, United States

VidaMed, Inc. engages in designs, develops, and markets systems for urological conditions.

Buy $326M