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M&A Deal Summary

Medtronic Acquires Sofamor Danek Group

On December 28, 1998, Medtronic acquired medical products company Sofamor Danek Group

Acquisition Highlights
  • This is Medtronic’s 5th transaction in the Medical Products sector.
  • This is Medtronic’s 4th transaction in the United States.
  • This is Medtronic’s 1st transaction in Tennessee.

M&A Deal Summary
Date 1998-12-28
Target Sofamor Danek Group
Sector Medical Products
Buyer(s) Medtronic
Deal Type Add-on Acquisition

Target

Sofamor Danek Group

Memphis, Tennessee, United States
Sofamor Danek Group, Inc. engaged primarily in developing, manufacturing, and marketing devices, instruments, computer-assisted visualization products, and biomaterials used in the treatment of spinal and cranial disorders.

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Buyer(S) 1

Buyer

Medtronic

Dublin, Ireland
Category Company
Founded 1949
Sector Medical Products
Employees95,000
Revenue 32.4B USD (2024)
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. It 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 5 of 59
Sector (Medical Products) 5 of 52
Type (Add-on Acquisition) 5 of 57
State (Tennessee) 1 of 2
Country (United States) 4 of 44
Year (1998) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-01-01 Physio-Control

Redmond, Washington, United States

Physio-Control, Inc. develops, manufactures and markets monitors/defibrillators, automated external defibrillators (AEDs) and CPR-assist devices along with data management and support services.

Buy $535M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-03-10 Avecor Cardiovascular

Minneapolis, Minnesota, United States

Avecor Cardiovascular, Inc. develops and manufacture and markets medical devices for heart/lung surgery.

Buy $91M
Mergr

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