Medtronic buys Visualase

Interventional device developer Medtronic has completed the acquisition of Visualase, a company that develops and markets MRI-guided technology for minimally invasive neurosurgeries, including surgical thermal ablation.

Medtronic will add Visualase's MRI-guided laser ablation system to its portfolio of therapies for neurological conditions within its Surgical Technologies business, the company said.

The $105 million deal includes an initial payment of $70 million plus additional payments up to $35 million contingent upon the achievement of specific milestones, according to Medtronic.

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