Medtronic acquires Medina Medical for $150M

Medtronic has acquired Medina Medical, a Menlo Park, Calif.-based company that makes medical devices that treat vascular abnormalities in the brain.

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Medtronic’s initial payment for the acquisition was $150 million in cash. Other terms of the acquisition were not disclosed.

“Medtronic is committed to fighting stroke through the innovative therapies we bring to clinicians and patients. Medina Medical’s breakthrough technology makes it a antural fit with our Neurovascular portfolio, further strengthening our hemorrhagic stroke portfolio,” said Brett Wall, president of Medtronic’s neurovascular division.

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