Covidien acquires superDimension

NewsGuard 100/100 Score

Covidien (NYSE: COV), a leading global provider of healthcare products, today announced that it has completed the previously announced acquisition of superDimension, Ltd., for an aggregate consideration of approximately $300 million, with future earn out payments possible.    

Pursuant to the terms of the acquisition agreement, Covidien has acquired all of the outstanding capital stock of superDimension, a private company based in Herzliya, Israel, that develops minimally invasive interventional pulmonology devices.

"Covidien's strategy is to invest in relevant products and technologies which can meaningfully improve patient outcomes while reducing the overall cost of care," said Bryan Hanson, Group President, Surgical Solutions, Covidien. "The acquisition of superDimension positions Covidien to continue its investment in meaningful innovation by delivering more comprehensive solutions in the evaluation and management of lung diseases."

Source:

COVIDIEN    

Comments

The opinions expressed here are the views of the writer and do not necessarily reflect the views and opinions of News Medical.
Post a new comment
Post

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.

You might also like...
Millimeter-scale magnetic implants for wireless health monitoring