M&A Deal Summary

Medtronic Acquires Salient Surgical Technologies

On July 7, 2011, Medtronic acquired medical products company Salient Surgical Technologies from Nexus Life Science Partners for 525M USD

Acquisition Highlights
  • This is Medtronic’s 24th transaction in the Medical Products sector.
  • This is Medtronic’s 10th largest (disclosed) transaction.
  • This is Medtronic’s 24th transaction in the United States.
  • This is Medtronic’s 1st transaction in New Hampshire.

M&A Deal Summary

Date 2011-07-07
Target Salient Surgical Technologies
Sector Medical Products
Buyer(s) Medtronic
Sellers(s) Nexus Life Science Partners
Deal Type Add-on Acquisition
Deal Value 525M USD

Target

Salient Surgical Technologies

Portsmouth, New Hampshire, United States
Salient Surgical provides devices that reduce surgical blood loss, reducing the need for transfusion. Utilizing Salient's saline-enhanced radio-frequency technology allows surgeons to control bleeding without charring and improve patient outcomes. Tissue is being sealed during liver resections, as well as orthopedic and spinal surgeries.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 27 of 59
Sector (Medical Products) 24 of 52
Type (Add-on Acquisition) 27 of 57
State (New Hampshire) 1 of 1
Country (United States) 24 of 44
Year (2011) 3 of 3
Size (of disclosed) 10 of 36
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-07 PEAK Surgical

Palo Alto, California, United States

PEAK Surgical, Inc. is a medical device company that has developed the PEAK PlasmaBlade®, a new tissue dissection device based on a proprietary technology that represents an important advance in advanced energy surgical technologies. The PlasmaBlades are a family of disposable cutting devices that offer the exacting control of a scalpel and the bleeding control of traditional electrosurgery without extensive collateral damage. These surgical devices come together with the PULSAR® Generator, which supplies pulsed plasma radiofrequency energy to the PlasmaBlades, to form the PEAK® Surgery System.

Buy $120M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-17 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.

Sell $487M

Seller(S) 1

SELLER

Nexus Life Science Partners

New York, New York, United States

Category Growth Capital Firm
Founded 2001
Size Small
Type Sector Focused
DESCRIPTION

Nexus Life Science Partners is a private equity firm that targets private and public healthcare companies located within the United States and around the world. The Firm's focus is on the growth segments of the healthcare industry. In particular, Nexus looks for product-driven life sciences companies developing breakthrough therapeutics for clinical needs, positively altering disease course and associated costs. The firm seeks for each private investment a potential for liquidity within 24 months after initial investment, as well as a 2-3 times return on invested capital. Nexus Life Science Partners was formed in 2001, and is based in New York, New York.


DEAL STATS #
Overall 17 of 22
Sector (Medical Products) 2 of 3
Type (Add-on Acquisition) 8 of 10
State (New Hampshire) 1 of 1
Country (United States) 15 of 19
Year (2011) 3 of 4
Size (of disclosed) 5 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-16 Orthovita

Malvern, Pennsylvania, United States

Orthovita is a unique spine/orthopedic surgical biomaterials company offering advanced bone regeneration and soft tissue healing technologies. Their experience lies in developing and distributing novel, high-tech, synthetic-based biomaterial products. Orthovita currently has four key commercial product platforms: Vitoss Bone Graft Substitute, Vitagel Surgical Hemostat, Cortoss Synthetic Cortical Bone, and Imbibe Delivery and Disposable Systems.

Sell $316M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-19 Calypso Medical Technologies

Seattle, Washington, United States

Calypso Medical Technologies is a medical device company.

Sell $10M