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St. Jude buys NeuroTherm

Jul. 14, 2014 9:58 AM ETSt. Jude Medical, Inc. (STJ) StockBy: Douglas W. House, SA News Editor
  • St. Jude Medical (NYSE:STJ -0.8%) enters into a definitive agreement to acquire privately-held NeuroTherm, a maker of interventional pain management therapies, for ~$200M in cash. The company expects to conclude the transaction in late Q3. NeuroTherm will add $10M - 15M to STJ's top-line sales in 2014.
  • NeuroTherm's technology utilizes radiofrequency ablation (RFA) to treat spinal pain.

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