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Medtronic buys 'bone bot' maker

Sep 21, 2018 - Star Tribune (Minneapolis, Minnesota)

Medtronic PLC agreed to pay $1.6 billion to buy an Israeli maker of a robotic system for spine surgery, Mazor Robotics, in a deal announced late Thursday.

Minnesota-run Medtronic previously held a $300 million stake in Mazor, bringing the net price of the deal to $1.3 billion, or $29.25 per share.

The deal is expected to close by the end of January.

"We believe robotic-assisted procedures are the future of spine surgery, enhancing surgeons' abilities to perform complex procedur...