“We are excited about this opportunity to bring our companies together and further broaden Medtronic Surgical Technologies’ portfolio of innovative surgical products to meet customer and patient needs worldwide,” said Chris O’Connell, executive vice president and president of Medtronic’s Restorative Therapies Group, in a prepared statement.
Peak’s PlasmaBlade technology includes disposable cutting devices that allow for precision and bleeding control with minimal thermal tissue damage.
Medtronic also announced plans to acquire Portsmouth, N.H.-based Salient Surgical Technologies Inc. on Thursday for a value of $525 million.
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