# Medtronic acquires Covidien: acquisition

Canonical ID: `91683aff-849b-4b46-8301-18422372d035`

Medtronic acquired Covidien for ~$49.9 billion in cash and stock (announced June 2014; completed Jan 26, 2015), broadening Medtronic into surgical, vascular, and hospital-supplies businesses and moving its domicile to Ireland. (month-precision announce)

- **Structure:** full acquisition
- **Status:** completed
- **Valuation:** $49.9B (reported, approximate)
- **Verification posture:** verified

## Parties

- **Acquirer:** [Medtronic](https://registry.deploy.report/companies/medtronic.md)
- **Acquired:** [Covidien](https://registry.deploy.report/companies/covidien.md)

## Timeline

- **Announced:** 2014-06-15
- **Closed:** 2015-01-26

## Sources (1)

1. https://www.globenewswire.com/news-release/2015/01/26/1891740/0/en/Medtronic-Completes-Acquisition-of-Covidien.html


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