Medtronic acquires Israel-based Mazor Robotics for $1.64bn

 

The large medical device producer Medtronic has acquired Israel-based Mazor Robotics for $1.64bn. The deal strengthens Medtronic’s spinal surgery portfolio. The two companies had already been partners since 2016 when they entered the agreement, which entitles Medtronic to be the sole distributor for Mazor X. The market has shown approval for the deal, indeed Medtronic’s shares have immediately risen 23%, while ADR Mazor’s have risen 6.1%.

(Source: Medtronic)