Medtronic to invest $40M in Mazor Robotics, assumes exclusive global spine distribution

Mazor Robotics and Medtronic amended their strategic partnership, with Medtronic assuming exclusive worldwide distribution of the Mazor X system and making a $40 million third tranche investment in Mazor. Approximately 30 Mazor sales members are expected to join Medtronic.

“Medtronic will invest $40 million in Mazor Robotics’ American Depository Shares (ADS) at a price of $38.46 per ADS.”orthospinenews.com

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• orthospinenews.comMazor Robotics and Medtronic Enter Next Phase of Strategic Partnership; Medtronic to Make a $40 million Third Tranche Investment in Mazor – Ortho Spine NewsJosh SandbergAug 30, 2017

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