Medtronic to buy ATS Medical for $370 million

April 29, 2010 by MedCity News

Medtronic Inc. agrees to acquire Minneapolis peer ATS Medical Inc. for $370 million in cash and debt.

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By Thomas Lee

Medtronic Inc. (NYSE:MDT) plans to acquire ATS Medical Inc. (NSDQ:ATSI) for $370 million in cash and debt, a move that further expands the medical device giant’s foray into the fast-growing market for products that treat structural heart disease.

Fridley, Minn.-based Medtronic will pay $4 for each share of ATS Medical, headquartered in Plymouth, Minn.

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