Medtronic Invests Another $20M In Mazor Robotics


By Sam Schaust, Twin Cities Business

“Medtronic on Monday completed a $20 million investment agreement from May with Mazor Robotics, an Israeli manufacturer of spine surgery guidance systems.  The $20 million paid by Medtronic, which holds its U.S. operational headquarters in Fridley, will be equivalent to a 3.4 percent ownership of Mazor.  Medtronic’s latest investment is technically the second tranche in a multi-part agreement that could net the company 15 percent equity stake in Mazor, a deal priced at roughly $52 million.”

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