MEDTRONIC COMPLETES ACQUISITION OF ABLATION FRONTIERS MINNEAPOLIS AND CARLSBAD, CALIF.
– Feb. 6, 2009 – Medtronic, Inc. (NYSE: MDT), today announced it has through an affiliated entity, completed the acquisition of privately held Ablation Frontiers, Inc. Under the terms of the agreement announced Jan. 12, 2009, the transaction includes an initial payment of $225 million plus potential additional payments contingent upon achievement of certain clinical milestones.
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Before joining the East Longmeadow contract manufacturer as its sales and marketing VP, Mulvihill’s last position was a two-year stint at Greatbatch Inc. in Clarence, N.Y., a firm that makes components for implantable medical devices, including power supplies for pacemakers, coatings and micro-molding.
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