Medtronic, based in Minneapolis, has purchased Cardiocom, a disease management patient monitoring firm, for $200 million. With the acquisition, Medtronic will expand its business into the reduction of chronic disease patient care costs market.
Orthofix has reorganized its business and now includes BioStim, biologics, spinal fixation, international extremity fixation and extremity fixation in the United States. The company will split its spine business into BioStim and Spinal Fixation.
Vertos Medical, based in Aliso Viejo, Calif., has recently closed a $23 million round of Series E financing to fund the U.S. commercial expansion and European launch of its mild procedure for lumbar spinal stenosis.
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