Medtronic Completes Acquisition of Invatec and Affiliated Companies

Acquisition Expands Product Offering and Pipeline for Cardiovascular Interventions

MINNEAPOLIS, April 21--(HSMN NewsFeed)--Moving to expand its product offering, Medtronic, Inc. (NYSE: MDT ), announced today that it has completed the acquisition of Invatec, a developer of innovative medical technologies for the interventional treatment of cardiovascular disease. The acquisition includes two affiliated companies: Fogazzi, which provides proprietary polymer technology to Invatec; and KRAUTH Cardio-Vascular, which has successfully grown Invatec’s market position in Germany.

Invatec has been recognized for developing novel devices for the treatment of coronary and peripheral vascular disease in collaboration with physicians, researchers and scientists. Medtronic intends to build on Invatec’s legacy of innovation through collaboration to improve and expand treatment options for patients with cardiovascular disease.

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