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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