M&A Deal Summary

Medtronic Acquires Avecor Cardiovascular

On March 10, 1999, Medtronic acquired medical products company Avecor Cardiovascular for 91M USD

Acquisition Highlights
  • This is Medtronic’s 6th transaction in the Medical Products sector.
  • This is Medtronic’s 33rd largest (disclosed) transaction.
  • This is Medtronic’s 5th transaction in the United States.
  • This is Medtronic’s 1st transaction in Minnesota.

M&A Deal Summary
Date 1999-03-10
Target Avecor Cardiovascular
Sector Medical Products
Buyer(s) Medtronic
Deal Type Add-on Acquisition
Deal Value 91M USD
Advisor(s) Navidar Holdco LLC (Financial)

Target

Avecor Cardiovascular

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

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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 6 of 59
Sector (Medical Products) 6 of 52
Type (Add-on Acquisition) 6 of 57
State (Minnesota) 1 of 6
Country (United States) 5 of 44
Year (1999) 1 of 2
Size (of disclosed) 33 of 36
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-12-28 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.

Buy -
FOLLOWING 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 -
Mergr

Product

Company

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