Medtronic Acquires Stimgenics

Medtronic plc (NYSE:MDT) announced it has acquired Stimgenics, LLC, a privately-held company based in Bloomington, Illinois, that has pioneered a novel spinal cord stimulation (SCS) waveform known as Differential Target Multiplexed (DTM™) Spinal Cord Stimulation. The therapy, which is delivered via the Medtronic Intellis™ platform, is a new and unique programming option to treat patients with chronic pain. This transaction is expected to be neutral to fiscal year 2020 earnings per share and meet Medtronic’s long-term financial metrics for acquisitions. Additional terms of the transaction were not disclosed.

Read the full article: Medtronic Acquires Stimgenics //

Source: https://www.globenewswire.com/news-release/2020/01/08/1968135/0/en/Medtronic-Acquires-Stimgenics-Pioneer-of-DTM-a-Novel-Spinal-Cord-Stimulation-Therapy.html

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