Medtronic buys Italian managed services firm

Candace Stuart | | Cardiovascular Business | Patient Care

Medtronic acquired NGC Medical for $350 million, a transaction that will give Medtronic access to cardiovascular managed services in about 30 hospitals in Italy with possible expansion in Europe, Africa and the Mideast.

Medtronic, which held a 30 percent ownership stake in the Novadrate, Italy-based company, will add NGC to its hospital solutions business. In Italy, NGC provides management services for cardiovascular suites, operating rooms and intensive care units. Broader services include infrastructure design and the management of equipment installation.

NGC, which employs about 100 people, will operate as a separate entity.

Medtronic’s hospital solutions arm integrates data, technology and services with the goal of improving efficiency and patient care. Minneapolis-based Medtronic stated in a release that it intends to grow the business in Europe and elsewhere.

 

Candace Stuart, Contributor

Related Content

FDA and Boston Scientific issue urgent alert about pacemaker failures following 2 deaths
Concomitant ablation surgery during heart operations boosts long-term survival
Cardiologist explores why colchicine failed to help heart attack patients
Bioresorbable BTK stent superior to ballon angioplasty at 2 years
Most heart failure patients miss out on guideline-recommended palliative care
Cardiologist behind EARLY TAVR explains how proactive treatment improves patient outcomes

Around the web

Radiology Business
Key takeaways from RSNA 2024 for AI, CT, MRI and the radiology staffing shortage

Several key trends were evident at the Radiological Society of North America 2024 meeting, including new CT and MR technology and evolving adoption of artificial intelligence.

Health Imaging
Use of AI opportunistic screening in CT for cardiovascular disease

Ron Blankstein, MD, professor of radiology, Harvard Medical School, explains the use of artificial intelligence to detect heart disease in non-cardiac CT exams.

Health Imaging
New imaging protocols proposed to curb rise of cardiovascular infections

Eleven medical societies have signed on to a consensus statement aimed at standardizing imaging for suspected cardiovascular infections.