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Announced

Completed

Medtronic completed the acquisition of Affera.

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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healthcare provider

Friendly

medical technology

Health Care Facilities

United States

Cross Border

Single Bidder

Acquisition

Majority

Private

Completed

Synopsis

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Medtronic, a global healthcare technology company that boldly attacks the most challenging health problems facing humanity by searching out and finding solutions, completed the acquisition of Affera, a medical technology company dedicated to delivering unrivaled innovative solutions to address the rapidly growing demands for cardiac arrhythmia treatment. Financial terms were not disclosed. "This acquisition marks an important growth milestone for our cardiac ablation portfolio. We're incredibly proud to have led the industry with the introduction of the proven safe and effective cryoablation technology; and now these new additions to our portfolio help support a leap forward in our commitment to build a comprehensive portfolio and help physicians achieve the best outcomes for patients," Rebecca Seidel, Medtronic President.

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