Covidien buys Israel’s Given Imaging for $860m

Covidien buys Israel’s Given Imaging for $860m

Irish healthcare company Covidien plc has acquired IDB Holding Corp. unit, capsule endoscope developer Given Imaging, for $860 million.

Covidien said, “Given Imaging provides one of the broadest technology platforms for visualizing, diagnosing and monitoring the digestive system, including its flagship PillCam, an innovative swallowed capsule endoscope.

Covidien has previously acquired three Israeli medical device companies, all of them in 2012 – respiratory monitor developer Oridion for $346 million, bronchial tubes endoscope maker superDimension for $300 million, and hernia mesh company PolyTouch for $40 million.

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Israel Trade & Economic Office, Embassy of Israel