Medtronic acquires Mazor Robotics for $1.6B (13.5 X sales last year)

By

Read press release
Medtronic strikes $1.6B takeover of Mazor Robotics (MedTechDive)

Dive Brief:

Medtronic is set to pay $1.64 billion to buy Mazor Robotics for its portfolio of guided spinal surgery technologies.
The takeover will give Medtronic control of technologies that enable robotic, guided spinal surgeries that deliver better outcomes than freehand procedures.
Medtronic will combine the technologies with its existing devices and technologies to create a portfolio of products covering each step in the planning and execution of spinal surgeries.

Dive Insight:
Medtronic first s...

Get access to full posts newsletters, trends, and market reports for only subscribe for $1/day.
Hit the SUBSCRIBE button at the top of the homepage.