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Medtronic confirms Corventis buy; gets Infuse boost

This article was originally published in Clinica

Executive Summary

Medtronic has said it is buying wireless patch developer Corventis, confirming rumors in May that it was pursuing the cardiovascular monitoring start-up. Michael Coyle, president of Medtronic’s cardiac and vascular group, announced the acquisition at the company’s analyst meeting on 5 June. He didn’t say how much the firm is paying for Corventis, but a figure of $150m was bandied about in media reports last month.

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