Medtronic to Acquire Intersect ENT for $1.1 Billion
August 7, 2021
Medtronic plc entered into a definitive agreement to buy all outstanding shares of Intersect ENT in an all-cash transaction valued at approximately $1.1 billion (at $28.25 per share). The acquisition aims to expand Medtronic’s ENT product portfolio by combining Intersect ENT’s PROPEL and SINUVA sinus implants with Medtronic’s navigation and related tissue health offerings.
- Buyers
- Medtronic plc
- Targets
- Intersect ENT
- Industry
- Medical Devices
- Location
- United States
- Transaction Type
- Buyout
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