Medtronic Buys Sapiens SBS for $200M
Friday, October 3, 2014
Source: Star Tribune
Medtronic Inc. said Tuesday that it is paying $200 million in cash for a Dutch company that is working on a next-generation deep-brain stimulation device for patients with neurodegenerative diseases.
Medtronic’s acquisition of the privately held Dutch firm Sapiens Steering Brain Stimulation is a move toward its next DBS device. Sapiens is finalizing development of a new device that executives say could potentially offer more precise treatment by using a 40-point electric stimulation system to interact with the brain. Medtronic’s three U.S.-approved device leads use just four electrodes.