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Medtronic Acquires Cardiocom for $200M to Expand Beyond Medical Device Market

Medtronic is paying $200 million to acquire Cardiocom, a private company based in Chanhassen with telecommunication tools for managing chronic diseases, the Fridley-based manufacturer announced Monday.

The acquisition is meant to help Medtronic expand beyond the medical device market into the world of health services, with a focus on helping heart-failure patients stay out of the hospital.

Read entire article: http://medcitynews.com/2013/08/medtronic-acquires-cardiocom-for-200m-to-expand-beyond-medical-device-market/

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