M&A Deal Summary

Medtronic Acquires Medtronic CryoCath

On September 25, 2008, Medtronic acquired healthcare services company Medtronic CryoCath for 380M USD

Acquisition Highlights
  • This is Medtronic’s 1st transaction in the Healthcare Services sector.
  • This is Medtronic’s 13th largest (disclosed) transaction.
  • This is Medtronic’s 1st transaction in Canada.
  • This is Medtronic’s 1st transaction in Quebec.

M&A Deal Summary
Date 2008-09-25
Target Medtronic CryoCath
Sector Healthcare Services
Buyer(s) Medtronic
Deal Type Add-on Acquisition
Deal Value 380M USD
Advisor(s) Davies Ward Phillips & Vineberg (Legal)

Target

Medtronic CryoCath

Montreal, Quebec, Canada
Medtronic CryoCath LP is a developer and manufacturer of cryotherapy products.

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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 18 of 59
Sector (Healthcare Services) 1 of 4
Type (Add-on Acquisition) 18 of 57
State (Quebec) 1 of 1
Country (Canada) 1 of 2
Year (2008) 2 of 2
Size (of disclosed) 13 of 36
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-22 Restore Medical

St. Paul, Minnesota, United States

Restore Medical, Inc. is a developer, manufacturer and marketer of innovative medical devices to treat sleep-disordered breathing.

Buy $29M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-12 Ablation Frontiers

Carlsbad, California, United States

Ablation Frontiers, Inc.,a medical device company based in Carlsbad, Calif., dedicated to helping individuals suffering from AF and other cardiac arrhythmias. In 2006, Ablation Frontiers received CE Mark to begin marketing its system of catheters and the GENius™ Radiofrequency (RF) Generator in the European Union to treat supraventricular arrhythmias and for use in atrioventricular node ablation.

Buy $225M
Mergr

Product

Company

Legal