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Covidien pays $64mm for Power Medical Interventions
21 Aug 2009
Executive Summary
Covidien has agreed to pay $2.08 in cash (a 247% premium) for each of Power Medical Interventions' (PMI; surgical cutting and stapling devices) outstanding shares, valuing the deal at about $64mm including the assumption of $28.3mm in debt.
Deal Industry
- Medical Devices
-
Medical Devices
-
Surgical Equipment & Devices
- Minimally or Less Invasive
-
Surgical Equipment & Devices
Deal Status
- Final
Deal Type
-
Acquisition
- Full Acquisition
- Includes Contract
- Payment Includes Cash
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Covidien pays $64mm for Power Medical Interventions
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