M&A Deal Summary

Medtronic Acquires Restore Medical

On April 22, 2008, Medtronic acquired medical products company Restore Medical for 29M USD

Acquisition Highlights
  • This is Medtronic’s 17th transaction in the Medical Products sector.
  • This is Medtronic’s 36th largest (disclosed) transaction.
  • This is Medtronic’s 16th transaction in the United States.
  • This is Medtronic’s 4th transaction in Minnesota.

M&A Deal Summary
Date 2008-04-22
Target Restore Medical
Sector Medical Products
Buyer(s) Medtronic
Deal Type Add-on Acquisition
Deal Value 29M USD

Target

Restore Medical

St. Paul, Minnesota, United States
website
Restore Medical, Inc. is a developer, manufacturer and marketer of innovative medical devices to treat sleep-disordered breathing.

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Buyer(S) 1

Buyer

Medtronic

Dublin, Ireland

website

Category Company
Founded 1949
Sector Medical Products
Employees95,000
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 17 of 59
Sector (Medical Products) 17 of 52
Type (Add-on Acquisition) 17 of 57
State (Minnesota) 4 of 6
Country (United States) 16 of 44
Year (2008) 1 of 2
Size (of disclosed) 36 of 36
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-27 Kyphon

Sunnyvale, California, United States

Kyphon, located in Sunnyvale, California, develops, manufactures and markets minimally invasive medical devices, which employ a proprietary balloon technology, to help surgeons repair spine fractures caused by osteoporosis, cancer and trauma. Approximately 700,000 of these fractures, also known as vertebral compression fractures ('VCF'), are diagnosed each year in the U.S. Left untreated, they can result in significant pain, deformity and reduced respiratory function, as well as shortened life expectancy

Buy $3.9B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-09-25 Medtronic CryoCath

Montreal, Quebec, Canada

Medtronic CryoCath LP is a developer and manufacturer of cryotherapy products.

Buy $380M
Mergr

Product

Company

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