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Medtronic Takes Aim At Implantable Device Infections With TYRX Buy

The $160 million cash acquisition fits with the firm’s efforts to fashion itself into a health care services and solutions company, rather than a pure device firm. TYRX makes anti-bacterial envelopes for implanted devices, and has FDA clearances for use of its products with cardiac implantable electronic devices and spinal cord neurostimulators.

Medtronic PLC continued to expand its business focus on helping hospitals respond to shifting safety and cost-saving incentives with the acquisition of TYRX Inc., which makes anti-bacterial envelopes for implanted devices.

On January 6, the companies announced an agreement for Medtronic to acquire TYRX for $160 million in cash and future performance milestone payments. [See Deal]

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