Irish medical product supplier Covidien, which is being taken over by devicemaker Medtronic, has made an acquisition of its own. Covidien has bought Irvine, Calif.-based Reverse Medical Corp., a privately held company that makes endovascular devices.
Terms of the deal were not revealed. Covidien does not expect the transaction will greatly influence financial performance company-wide.
Reverse Medical's main U.S. products are its MVP Micro Vascular Plug System and ReVerse Microcatheter, both of which have Food and Drug Administration clearance. The devices help physicians who perform minimally invasive endovascular surgeries, which occur via blood vessels.