Medtronic has bought two companies which have previously raised an estimated $134m in venture backing for a combined valuation of $645m.
US healthcare company Medtronic has bought two companies in which it owned minority stakes: surgical businesses Salient Surgical Technologies and Peak Surgical.
Medtronic bought Salient and Peak Surgical at valuations of $525m and $120m respectively. Its minority stakes in the two companies were worth $45m for Salient and $15m for Peak Surgical, and these sums were deducted from the headline prices.
News provider Fortune said Salient has raised at least $105m in its history. In January last year Salient…
