Medtronic Acquires Mazor Robotics for $1.64B or $1.34B to Transform Spinal Technologies and Improve Outcomes
Shots:
- Medtronic will acquire Mazor’s American Depository Share (for $58.50) or Ordinary share (for $29.25 (104.80 ILS)) per share- making it total of ~$1.64B or ~$1.34B respectively. The acquisition is expected to close in Q3’ 25 Jan- 2019
- The gain will obtain Mazor's technology to build spine surgery platform including the Mazor X- the Renaissance Surgical-Guidance System for surgical planning- execution and confirmation
- In 2016- Medtronic and Mazor entered into strategic and equity investment agreement and in Aug- 2017 Medtronic acquired worldwide rights for Mazor’s Mazor X system
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