Covidien, a Dublin-based devicemaker, has signed a definitive agreement to acquire Newport Medical Instruments for $108 million.
Newport Medical Instruments, Costa Mesa, Calif., develops and manufactures ventilators. The company's business will be integrated into Covidien's airway and ventilation product portfolio, according to a Covidien news release.
"Newport's products and technology complement the company's current portfolio of respiratory solutions and will broaden our ventilation platform for patients around the world, particularly in emerging markets," said Robert White, Covidien's president of respiratory and monitoring systems, in the release.
