M&A Deal Summary

Medtronic Acquires Spinal Dynamics

On October 11, 2002, Medtronic acquired medical products company Spinal Dynamics for 270M USD

Acquisition Highlights
  • This is Medtronic’s 11th transaction in the Medical Products sector.
  • This is Medtronic’s 18th largest (disclosed) transaction.
  • This is Medtronic’s 10th transaction in the United States.
  • This is Medtronic’s 2nd transaction in Washington.

M&A Deal Summary
Date 2002-10-11
Target Spinal Dynamics
Sector Medical Products
Buyer(s) Medtronic
Deal Type Add-on Acquisition
Deal Value 270M USD

Target

Spinal Dynamics

Mercer Island, Washington, United States
Spinal Dynamics Corp. is a developer of a unique artificial cervical disc designed to reduce recovery time and maintain mobility of the cervical spine after surgery.

Search 201,429 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 11 of 59
Sector (Medical Products) 11 of 52
Type (Add-on Acquisition) 11 of 57
State (Washington) 2 of 2
Country (United States) 10 of 44
Year (2002) 1 of 1
Size (of disclosed) 18 of 36
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-12-21 Endonetics

Minneapolis, Minnesota, United States

Endonetics, Inc. developed advanced, minimally invasive medical devices for the diagnosis and treatment of gastrointestinal disorders. The company was acquired by Medtronic, Inc. (MDT: NYSE) in December of 2001.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-08-25 Coalescent Surgical

Sunnyvale, California, United States

Coalescent Surgical, Inc. is a medical device company focuses on developing and commercializing a product for the rapid attachment of blood vessel grafts for coronary artery bypass graft surgery and peripheral vascular surgery.

Buy -
Mergr

Product

Company

Legal