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Home » FLASH: Medtronic unloads Physio Control to Bain Capital for $478 million

FLASH: Medtronic unloads Physio Control to Bain Capital for $478 million

November 17, 2011 By MassDevice staff

Medtronic

Medtronic, Inc. (NYSE:MDT) agreed to sell its Physio-Control external defibrillator subsidiary to Bain Capital for roughly $478 million in cash.

"Medtronic expects to use a portion of the proceeds to offset any potential dilutive impact from this transaction to fiscal year 2012 non-GAAP earnings per share," the company said in a press release.

Stay tuned to MassDevice.com for more on this breaking story.

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Filed Under: News Well Tagged With: Bain Capital, physiocontrol

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