Covidien Purchases Israeli Medical Device Maker

Covidien has grabbed up an Israeli hernia mesh maker, PolyTouch Medical, for an undisclosed amount.

Although the financial terms of the deal were not disclosed because "they were not material to Covidien," company spokesman Bruce Farmer told MassDevice.com, but Israeli news publication, Globes, reported PolyTouch sold for $30-$40 million.

PolyTouch Medical develops hernia mesh placement technologies. Its flagship product, the PatchAssist – later developed into the AccuMesh system – enables mesh deployment and placement during laparoscopic repair procedures.

Covidien spent $300 million for patient monitoring device maker Oridion, $108 million for Newport Medical Instruments and $300 million for superDimension.

Among other things, campus , it pharmaceuticals arm with more than $2 billion in annual sales.