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Medtronic Picks Up Surgical Safety Firm In $235 Million Deal

This article was originally published in The Gray Sheet

Executive Summary

The device giant is buying RF Surgical Systems, which makes a radiofrequency-based technology to help prevent surgical sponges from being retained in a patient after a procedure. Sponge retention is a non-reimbursable "never event" under Medicare, driving hospital interest in solutions to reduce the occurrence.

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