M&A Deal Summary

PaceMate Acquires Medtronic - Paceart Optima System

On August 27, 2024, PaceMate acquired medical products company Medtronic - Paceart Optima System from Medtronic

Acquisition Highlights
  • This is PaceMate’s 1st transaction in the Medical Products sector.
  • This is PaceMate’s 1st transaction in Ireland.

M&A Deal Summary

Date 2024-08-27
Target Medtronic - Paceart Optima System
Sector Medical Products
Buyer(s) PaceMate
Sellers(s) Medtronic
Deal Type Divestiture

Target

Medtronic - Paceart Optima System

Dublin, Ireland
Medtronic's Paceart Optima System provides on-premises cardiac workflow solutions.

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Buyer(S) 1

Buyer

PaceMate

Bradenton, Florida, United States

Category Company
Founded 2015
Sector Medical Products
DESCRIPTION

PaceMate provides a software and service solution for remote cardiac device management to hospital systems and independent cardiology clinics. PaceMate was founded in 2015 and is based in Bradenton, Florida.


DEAL STATS #
Overall 1 of 1
Sector (Medical Products) 1 of 1
Type (Divestiture) 1 of 1
Country (Ireland) 1 of 1
Year (2024) 1 of 1

Seller(S) 1

SELLER

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 5
Sector (Medical Products) 4 of 4
Type (Divestiture) 5 of 5
Country (Ireland) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-25 EOFlow

Seongnam, South Korea

EOFlow is a medical device company. EOFlow's flagship product is the EOPatch® device, a wearable insulin patch pump that provides continuous insulin delivery for people with diabetes. EOFlow was founded in 2011 and is based in Seongnam, South Korea.

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