Medtronic buys Cardiocom a remote monitor pioneer in Chanhassen for $200M cash

Medtronic Inc. said Monday it would spend $200 million in cash to acquire Cardiocom, a privately held firm in Chanhassen, to expand into remote monitoring of patients with chronic diseases. Medtronic, which expects the deal will be financially neutral for its current fiscal year, said it is expanding into broader health care services, initially into the treatment of heart failure . It said …

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