Medtronic Acquires Aircraft Medical for $110M
Irish devicemaker Medtronic has acquired Aircraft Medical, a developer of video laryngoscopes used by anesthesiologists to intubate patients, through an all-cash transaction valued at $110 million.
Medtronic says the deal will expand its portfolio of solutions for dealing with difficult airways and addresses respiratory compromise.
Aircraft’s devices enable clinicians to quickly insert the breathing tube into the trachea by allowing them to see the vocal cords.
Medtronic will report revenue from Aircraft’s product line as part of its Patient Monitoring & Recovery division within its Minimally Invasive Therapies Group. — Michael Cipriano