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News Breaks
June 5, 2014
08:54 EDTMDTMedtronic reaffirms FY15 revenue growth outlook, guides mid-term
Medtronic reaffirmed its FY15 revenue growth outlook of 3%-5% in investor day presentation slides. The company sees mid-term revenue growth in the mid-single digits.
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August 25, 2015
09:07 EDTMDTMedtronic to acquire Twelve for $458M
In support of the company's therapy innovation strategy, Medtronic announced that it has signed a definitive agreement to acquire Twelve, a medical device company focused on the development of a transcatheter mitral valve replacement, or TMVR device. Twelve is the twelfth company spun out from the premier medical device incubator The Foundry. Medtronic has agreed to pay up to $458M for Twelve including $408M at closing and $50M on achievement of CE Marking. The cash- and debt-free transaction remains subject to customary closing conditions, and is expected to close in October 2015.

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