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Medtronic completes $585M acquisition of CathWorks
Medtronic has finalized its $585 million acquisition of CathWorks, a medical device company specializing in coronary artery disease diagnosis and treatment. This acquisition, which includes potential earn-out payments, follows a 2022 strategic partnership and aims to enhance Medtronic’s cardiology portfolio with CathWorks’ AI-powered FFRangio System. The system offers a non-invasive method for assessing coronary arteries, proven non-inferior to traditional methods in a recent clinical trial.