Medtronic (NYSE:MDT) said today that it paid $110 million in cash to acquire video laryngoscope maker Aircraft Medical.
Edinburgh-based Aircraft’s handheld McGrath laryngoscopes are designed to facilitate intubation by anesthesiologists and critical care providers, Medtronic said.
“Aircraft Medical’s offerings complement our portfolio, helping us further our commitment to reducing incidents and potential complications from respiratory compromise globally. The company’s laryngoscopes will play an important role in our airways portfolio as we develop and provide meaningful innovations that improve patient outcomes,” patient monitoring & recovery president Steve Blazejewski said in prepared remarks.
“We are pleased to be joining the Medtronic team as we strive to provide the McGrath® video laryngoscope platform to many more patients around the world,” added Aircraft founder & CEO Matt McGrath.
Medtronic said it expects no impact from the deal during fiscal 2016 and thereafter.