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Medtronic Adds Telehealth Services With Cardiocom Acquisition

Medtronic hopes the $200 million purchase of telehealth firm Cardiocom will enhance its ability to respond to increasing demands on hospitals to better manage patient outcomes and costs. It will also greatly expand its customer base.

Medtronic PLC is expanding into health care services with a $200 million all-cash acquisition of telehealth firm Cardiocom announced Aug. 12.

With the purchase, Medtronic hopes to help hospitals better manage patient outcomes and costs in response to economic challenges and incentives created by health care reform. Additionally, the firm expects...

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