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Medtronic, Inc. (MDT) May Invest in India-based Med-tech Player


7/19/2012 7:37:28 AM

Minneapolis / St. Paul Business Journal by Katharine Grayson, Staff reporter

Medtronic Inc. is negotiating an equity investment in Triviton Healthcare, a med-tech business based in India, reports the Business Standard.

Triviton, which expects to generate about $98 million in revenue this year, wants to build a large medical technology park in India.

The company has been has been trying to raise $100 million in recent months to support that project and to allow existing investors to cash out. The paper did not say how much Medtronic might invest.

Both Fridley-based Medtronic and Triviton declined to comment for the Business Standard story.


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