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Medtronic Completes Acquisition Of Affera

Aug 30, 2022•about 3 years ago

Acquiring Company

Mazor Robotics

Acquired Company

Affera

MinneapolisBiotechnologyHealth CareScience And EngineeringSales And MarketingFinancial ServicesHealth Care

Description

Medtronic plc (NYSE:MDT), a global leader in healthcare technology, today announced that it has completed the acquisition of Affera, Inc. This acquisition expands the company's cardiac ablation portfolio to include its first-ever cardiac mapping and navigation platform that encompasses a differentiated, fully integrated diagnostic, focal pulsed field and radiofrequency ablation solution.

Company Information

Company

Mazor Robotics

Location

Minneapolis, Minnesota, United States

About

Mazor Robotics, a medical device company headquartered in Israel, was focused on developing robotics for spinal surgical procedures. It was committed to advancing the field of surgical robotics and had a strong reputation for innovation in the medical technology industry.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed