Physio-Control, the Redmond, WA-based unit of Medtronic (NYSE: [[ticker:MDT]]) that makes heart defibrillators, said it has acquired Jolife, the Sweden-based maker of the Lucas Chest Compression System. The two companies have had a partnership since 2004, in which they have worked on the early stages of a mechanical cardio-pulmonary resuscitation device, according to a statement from Physio-Control president Brian Webster. Financial terms of the deal weren’t disclosed. Medtronic said last month it plans to spin off Physio-Control as an independent company.
Author: Luke Timmerman
Luke is an award-winning journalist specializing in life sciences. He has served as national biotechnology editor for Xconomy and national biotechnology reporter for Bloomberg News. Luke got started covering life sciences at The Seattle Times, where he was the lead reporter on an investigation of doctors who leaked confidential information about clinical trials to investors. The story won the Scripps Howard National Journalism Award and several other national prizes. Luke holds a bachelor’s degree in journalism from the University of Wisconsin-Madison, and during the 2005-2006 academic year, he was a Knight Science Journalism Fellow at MIT.
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