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.