Medtronic, Inc. Takes Majority Interest In BioSTAR, A Med-Tech Distributor In Turkey

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Medtronic Inc. said Monday that it has acquired a majority interest in Biostar, a joint venture that will distribute the medical device giant’s products in Turkey.

Terms of the deal weren’t disclosed. Biostar is a joint venture between Fridley-based Medtronic and Medicall Biomedikal AS, based in Istanbul. Medicall has distributed Medtronic products in Turkey under its own name since 2003, and about 85 of Medicall’s 130 employees will be transferred to Biostar.

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