MINNEAPOLIS & BOSTON–(BUSINESS WIRE)–Medtronic, Inc. (NYSE:MDT) and Bain Capital, a leading global private investment firm, today announced they have entered into a definitive agreement under which affiliates of Bain Capital will acquire Physio-Control, the world’s leading provider of emergency medical response technology for use in the intervention and treatment of cardio-respiratory and other medical emergencies. [...]

Not every electrical device can keep going and going. Take Medtronic’s SynchroMed II Implantable Drug Infusion Pump, for example. The batteries that power the implanted drug delivery device have been reported to fail, Medtronic announced Friday, though such occurrences are rare. The company said it first warned physicians of the battery problem in 2009. By the [...]

Medtronic, Inc. announced on July 7 that it was acquiring Salient Surgical Technologies Inc., of Portsmouth, New Hampshire, and Peak Surgical Inc. of Palo Alto, California. The two companies, in which Medtronic already holds an ownership stake, will join the company’s surgical technologies business. Net of Medtronic’s existing ownership, the deals are worth $480 million [...]

WASHINGTON—The outgoing chief executive of Medtronic told employees Monday he will continue to lead the medical device manufacturer as its board of directors continues the search for a replacement. Minneapolis-based Medtronic previously announced that Hawkins would step down on April 29, the close of the company’s fiscal year. In a note to employees, Hawkins said [...]

At the recent NASS meeting in Orlando, Medtronic launched a posted screw module to supplement the company’s Vertex Select reconstruction system . The U.S. launch was announced by Doug King, Medtronic Spine’s VP and General Manager. King said the addition of the module, “further differentiates the Vertex System by enabling surgeons to choose between multiple [...]