» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation LinksHome >
VOL. 128 | NO. 157 | Tuesday, August 13, 2013

Medtronic Completes $200 Million Deal for Cardiocom

AP

Print | Front Page | Email this story | Comments ()

MINNEAPOLIS (AP)Medtronic Inc. said Monday that it closed its $200 million acquisition of Cardiocom, which develops and provides services that help manage chronic diseases.

The Minneapolis-based medical device maker said it doesn't expect the deal to affect its fiscal year 2014 profit.

Medtronic said the move is part of its plan to expand its product offerings to broader health care services. It added that one of its first areas of focus will be heart failure, where the addition of Cardiocom's technology and services will expand its reach to more patients.

Cardiocom focuses on important diseases, such as diabetes and cardiovascular disease, including heart failure and high blood pressure. Its products and services include remote monitoring and patient-centered software that allow care coordination and technology-based nurse support.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog Get more from The Daily News
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 78 215 4,981
MORTGAGES 96 322 6,548
FORECLOSURE NOTICES 13 38 1,517
BUILDING PERMITS 223 541 11,800
BANKRUPTCIES 84 203 5,162
BUSINESS LICENSES 19 65 2,001
UTILITY CONNECTIONS 124 351 6,815
MARRIAGE LICENSES 21 65 1,406

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.