Tyco buys US Surgical for $3.3 billion
This article was originally published in Clinica
Executive Summary
US Surgical brought in fresh reserves last week in its long-running battle with the industry leader, Johnson & Johnson, for a share of the medical disposables market. In the second largest deal in medical device history, the company agreed to be acquired by the industrial group, Tyco International, for $3.3 billion in stock.