Medtronic pays $350 million for Italian firm
By Joe Carlson, Star Tribune (Minneapolis) | |
McClatchy-Tribune Information Services |
The
The NGC deal was the second acqusition
More controversially,
But even as the company races to expand its product lines through acqusitions,
The move is a logical one for devicemakers in an era when healthcare reform and a ballooning national deficit are creating huge pressure to control healthcare spending.
"We are focused on increasing hospital operational efficiency -- providing meaningful clinical and economic improvements for customers, reducing costs associated with readmissions and post-acute care, and helping the system more effectively manage populations of chronically ill patients," Ishrak wrote in his preamble to
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