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Medtronic Bolsters Sinus Portfolio With $1.1Bn Intersect ENT Buyout

 
• By Marion Webb

Medtronic announced plans to acquire Intersect ENT, adding its sinus implants to Medtronic's portfolio of devices used by surgeons in treating chronic rhinosinusitis.

Acquisition

Medtronic plc announced on 6 August it will acquire Menlo Park, CA-based ear, nose and throat company Intersect ENT in a transaction valued at $1.1bn.

The medtech giant will buy all outstanding shares of Intersect for $28.25 per share in an all-cash transaction and said that shareholders of both companies have unanimously approved the deal.

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