Medtronic acquires Restore Medical for $29 million

By Lisa Kerner

Charlotte, N.C., July 17 - Medtronic, Inc. said it completed its acquisition of Restore Medical, Inc. first announced in April.

Restore shareholders will receive $1.60 per share in cash for each share of Restore common stock they own, according to a Medtronic news release.

The total value of the transaction, including payment of Restore Medical debt, was approximately $29 million.

Medtronic, based in Minneapolis, and Restore Medical, located in St. Paul, are medical device companies.

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