• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Advertise
  • Subscribe

MassDevice

The Medical Device Business Journal — Medical Device News & Articles | MassDevice

  • Latest News
  • Technologies
    • Artificial Intelligence (AI)
    • Cardiovascular
    • Orthopedics
    • Neurological
    • Diabetes
    • Surgical Robotics
  • Business & Finance
    • Wall Street Beat
    • Earnings Reports
    • Funding Roundup
    • Mergers & Acquisitions
    • Initial Public Offering (IPO)
    • Legal News
    • Personnel Moves
    • Medtech 100 Stock Index
  • Regulatory & Compliance
    • Food & Drug Administration (FDA)
    • Recalls
    • 510(k)
    • Pre-Market Approval (PMA)
    • MDSAP
    • Clinical Trials
  • Special Content
    • Special Reports
    • In-Depth Coverage
    • DeviceTalks
  • Podcasts
    • MassDevice Fast Five
    • DeviceTalks Weekly
    • OEM Talks
      • AbbottTalks
      • Boston ScientificTalks
      • DeviceTalks AI
      • IntuitiveTalks
      • MedtechWOMEN Talks
      • MedtronicTalks
      • Neuro Innovation Talks
      • Ortho Innovation Talks
      • Structural Heart Talks
      • StrykerTalks
  • Resources
    • About MassDevice
    • DeviceTalks
    • Newsletter Signup
    • Leadership in Medtech
    • Manufacturers & Suppliers Search
    • MedTech100 Index
    • Videos
    • Webinars
    • Whitepapers
    • Voices
Home » Report: Medtronic to pay $150M for wearable sensor maker Corventis

Report: Medtronic to pay $150M for wearable sensor maker Corventis

May 20, 2014 By Arezu Sarvestani

Updated May 20, 2014, at 2:45 p.m. with comment from Medtronic.

Report: Medtronic to pay $150M for wearable sensor maker Corventis

Medical device industry giant Medtronic (NYSE:MDT) is reportedly in talks to acquire wearable sensor maker Corventis in a deal worth upward of $150 million, according to a report from MobiHealthNews.

The companies have yet to announce any agreement, but the report claims news of the acquisition will be made in the coming weeks.

"While Medtronic is always investigating ways to strengthen the company that align with our business and financial goals, it is our policy to not comment on speculation about mergers and acquisitions," a Medtronic spokeswoman told MassDevice.com today.

Representatives for Corventis did not immediately respond to requests for comment.

California-based Corventis develops peel-and-stick sensors that can monitor a range of biological parameters, including heart and respiratory rates, posture, activity and more. The devices can be worn for up to 30 days, are water-resistant and provide continuous monitoring and automatic arrhythmia detection, according to the company’s website.

Corventis’ flagship PiiX sensor has been on the market since 2009 and the company in 2010 landed FDA clearance for its Nuvant line of wearable telemetry systems, which also won coverage under Medicare.

Corventis and Medtronic have a bit of a history in the court. The companies last year fought over trademark rights over Corventis Nuvant and Medtronic’s Novent devices, MobiHealthNews reported.

The news comes on a big day for Medtronic, which announced this morning that it settled a long-running patent infringement battle with arch-rival Edwards Lifesciences (NYSE:EW). The companies announced this morning that they put to rest their international patent infringement war in a deal that will see Medtronic pay royalties through April 2022 of at least $40 million annually, in addition to a $750 million one-time payment.

Medtronic also announced today that it won European regulatory approval for its NC Euphora coronary balloon dilation catheter, planning an immediate launch for the device in countries that recognize the CE Mark.

Filed Under: Digital Health, Mergers & Acquisitions, News Well, Patient Monitoring Tagged With: Corventis, Remote Patient Monitoring

More recent news

  • Comphya raises CHF 7.5 million for neurostim to treat ED
  • Fujifilm launches intelligent automation features for digital radiography
  • Integer appoints former iRhythm CEO to board
  • MMI debuts robotic surgery instruments, digital surgery platform
  • Synchrony Medical wins FDA nod for airway clearance system

Primary Sidebar

“md
EXPAND YOUR KNOWLEDGE AND STAY CONNECTED
Get the latest med device regulatory, business and technology news.

DeviceTalks Weekly

See More >

MEDTECH 100 Stock INDEX

Medtech 100 logo
Market Summary > Current Price
The MedTech 100 is a financial index calculated using the BIG100 companies covered in Medical Design and Outsourcing.
MDO ad

Footer

MASSDEVICE MEDICAL NETWORK

DeviceTalks
Drug Delivery Business News
Medical Design & Outsourcing
Medical Tubing + Extrusion
Drug Discovery & Development
Pharmaceutical Processing World
MedTech 100 Index
R&D World
Medical Design Sourcing

DeviceTalks Webinars, Podcasts, & Discussions

Attend our Monthly Webinars
Listen to our Weekly Podcasts
Join our DeviceTalks Tuesdays Discussion

MASSDEVICE

Subscribe to MassDevice E-Newsletter
Advertise with us
About
Contact us

Copyright © 2025 · WTWH Media LLC and its licensors. All rights reserved.
The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media.

Privacy Policy