Medtronic Buys Cardiocom for $200M, Expands Into Patient Monitoring Sector

Device manufacturing company Medtronic Inc. Aug. 12 said it had purchased Cardiocom, a remote patient monitoring and disease management company, for $200 million in cash.

Medtronic said the acquisition represents an expansion of its health care services. Cardiocom manufactures and provides telehealth services for remote patient monitoring, while Medtronic is a leader in implantable devices.

Chanhassen, Minn.-based Cardiocom’s products and services include remote monitoring and patient-centered software to enable efficient care coordination and specialized telehealth nurse support, Medtronic said.

The first area of focus for Medtronic will be heart failure, where the addition of the Cardiocom technology and patient services ...