Medtronic acquires Medicrea and its spinal surgery tech (MassDevice)
Medtronic (NYSE:MDT) today said it acquired France-based spinal surgery technology company Medicrea.
Through the deal, Medtronic is buying for a tender offer price of €7.00 (nearly $7.84) per share for a premium of 22% over the closing price of shares on July 14, 33% over the one-month value-weighted average price and 56% over the three-month volume-weighted average price.
The acquisition will help strengthen Medtronic’s orthopedic spine surgery platforms.
“Combining Medtronic’s innovative portfolio of spine implants,...
