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

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By James Walsh, Star Tribune

Medtronic executives have said they want to begin transitioning the medical technology giant into more of a health care service provider, using technology to help manage patient care from admission to outpatient follow-up visits.

On Monday, the company announced that it has taken a $200 million step in that direction, buying Cardiocom, a privately held firm in Chanhassen, to expand into remote monitoring of patients with chronic diseases.”

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