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Editor: Marc Jay Bern
Profession: Defective Medical Device Lawyer

Category: Medtronic News

Medtronic, medical device giant, announced they have completed their acquisition of Restore Medical, Inc.

Per the agreement, revealed on April 22, Restore shareholders will get $1.60 per share in cash for each share of Restore common stock they have sold. The total value of the deal, including payment of Restore's debts was $29 million.

Medtronic plans to integrate Restore Medical's Pillar Palatal Implant System into the Surgical Technologies business units at Medtronic.

The Pillar System is a modern, minimally invasive, implantable medical device used to treat the soft palate component of sleep disorders, including mild to moderate sleep apnea and snoring.