Robotic surgery is upending the healthcare industry as we know it and Medtronic (NYSE:MDT) wants in on the action.
The medical-device titan announced that it is shelling out $1.6 billion to acquire Mazor Robotics (NASDAQ:MZOR). That represents a double-digit premium to the stock’s closing price on the day before the transaction and values the business at 22 times sales.
Is Medtronic making a smart move, or did Mazor’s shareholders just make out like bandits?
Image source: Getty Images.
What is Medtronic buying?
Mazor Robotics has been following....More>>>