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Physio-Control Buys Jolife



3/2/2011 7:16:15 AM

Xconomy -- Physio-Control, the Redmond, WA-based unit of Medtronic (NYSE: 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.



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