Thursday, November 17, 2011

Medtronic Sells Physio-Control To Bain Capital

Redmond-based Physio-Control, the provider of defibrillators and other emergency medical equipment, which is a unit of Medtronic, is being sold to private equity firm Bain Capital. Medtronic, which is based in Minneapolis, said it would sell Physio-Control to Bain for $487M in cash. Physio-Control has nearly 1,000 employees. Medtronic said that Brian Webster, currently President of the unit, will become CEO of Physio-Control after it is acquired. Physio-Control develops heart monitors and defibrillators, chest compression systems, and external defibrillators (AEDs).