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New Deal


Announced

Completed

Medtronic completed the acquisition of Digital Surgery from 8VC.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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health care technology

Single Bidder

medical training

Private

Acquisition

Medical Services

Friendly

United Kingdom

Majority

Private Equity

Completed

Synopsis

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Medtronic, a provider of medical technology, completed the acquisition of Digital Surgery, a London-based medical training start-up that utilizes virtual reality technology, from 8VC, an investment advisory services. Financial terms were not disclosed. "Joining Medtronic creates an incredible opportunity to realize the promise of reducing unwarranted variability in surgery. We have always believed in computational power and data as two central drivers of consistency and quality in surgery. Computational power has impacted our lives in so many ways, and within surgery it is almost absent. By joining forces with Medtronic, we will finally apply computing and AI to surgery on a meaningful scale with a goal of helping more patients in more places benefit from consistently high-quality surgical care," Jean Nehme, Digital Surgery CEO and co-founder.

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