St. Jude Medical to Acquire NeuroTherm for $200M

St. Paul, Minn.-based St. Jude Medical has signed a definitive agreement to acquire NeuroTherm, a chronic pain solutions device company, according to a news release.

Subject to customary closing conditions, the transaction is expected to close by the end of the third quarter of 2014 for $200 million in cash, according to the news release.

St. Jude Medical expects to increase 2014 sales by approximately $10 million to $15 million after acquiring NeuroTherm, according to the news release.

More Articles on Supply Chain:

Electronic Data Interchange Market to Reach $1.7B by 2018
UDIs Offer Healthcare a Long-Overdue Way to Save Lives and Reduce Costs
Devices Can Now Be Shipped to Hospital Beds in Under 4 Hours

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


Featured Whitepapers

Featured Webinars