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Medtronic acquires RF Surgical Systems
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Medtronic announced it has signed an agreement to acquire RF Surgical Systems, according to a company press release.
“Patients are our priority,” Chris Barry, senior vice president and president of the surgical innovations business, minimally invasive therapies group at Medtronic, said in the release. “Improving patient safety and outcomes is our daily focus, which directly aligns with the RF Surgical technology: a simple and cost-effective solution to avoidable complications in surgical procedures.”
The transaction, worth approximately $235 million, is expected to close in August 2015, according to the press release. The business of RF Surgical will be categorized under Medtronic’s surgical solutions umbrella within its minimally invasive technologies group.
Additional terms of the transaction were not available at press time.
“We are pleased to be joining the Medtronic team, as their long-standing commitment to patient safety closely aligns with RF Surgical” John T. Buhler, CEO of RF Surgical, said in the release. “As we strive to make the RF Surgical technology the global standard of care, we look forward to the innovation opportunity afforded by our combined capabilities.”
Reference: www.medtronic.com.