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Medtronic And Covidien Continue Shopping In Advance Of Pairing

Medtronic and Covidien have announced two deals each in the past week. The two firms are set to be combined by early next year under a megadeal announced in June.

Even as Medtronic PLC and Medtronic Minimally Invasive Therapies progress toward becoming one company, each firm individually remains on the acquisition trail. Medtronic has announced two purchases in the past two days, and Covidien disclosed two in the past week to bulk up its vascular device business. The announcements come about two months after the companies announced an agreement for Medtronic to acquire Covidien for $42.9 billion. (See [A#01140623002].) [See Deal]

On Aug. 26, Medtronic announced a deal to bolster its market-leading position in the deep brain stimulation (DBS) market by adding Sapiens Steering Brain Stimulation GMBH, which is developing technology...

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