# Medtronic acquires Intersect ENT: acquisition

Canonical ID: `b0d1e6f8-60fd-44b5-b54b-39433b9c0cfb`

Medtronic acquired Intersect ENT for ~$1.1 billion (announced Aug 2021; completed May 13, 2022; FTC required divesting Fiagon), a maker of PROPEL and SINUVA sinus implants. (month-precision announce)

- **Structure:** full acquisition
- **Status:** completed
- **Valuation:** $1.1B (reported, approximate)
- **Verification posture:** verified

## Parties

- **Acquirer:** [Medtronic](https://registry.deploy.report/companies/medtronic.md)
- **Acquired:** [Intersect ENT](https://registry.deploy.report/companies/intersect-ent.md)

## Timeline

- **Announced:** 2021-08-01
- **Closed:** 2022-05-13

## Sources (1)

1. https://news.medtronic.com/2022-05-13-Medtronic-completes-acquisition-of-Intersect-ENT


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