Covidien to Buy Aspect Medical for $210M

9/28/09

Irish healthcare products giant Covidien (NYSE:COV) has reached an agreement to purchase Aspect Medical Systems (NASDAQ:ASPM), a Norwood, MA-based company specializing in braining monitoring technology, for approximately $210 million in cash, Covidien announced today. Aspect, founded in 1987, will become part of Covidien’s Oximetry and Monitoring product line inside the Medical Devices segment, according to a statement.

Bob is Xconomy's founder and editor in chief. You can e-mail him at bbuderi@xconomy.com, call him at 617.500.5926. Follow @

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