Medtronic unit buys Sweden's Jolife

Physio-Control, a unit of Medtronic that makes defibrillators, has purchased Sweden-based Jolife. The privately-held company makes the LUCAS Chest Compression System, a tool that administers effective, non-stop chest compressions. By using the compression device, patients get more consistent compressions regardless of transport conditions, rescuer fatigue or caregiver experience. It also allows medical personnel to focus on other critical tasks. Financial details were not disclosed.

"Physio-Control has a strategy to proactively develop and acquire innovative technologies that expand the range of tools and solutions available to our medical emergency response customers," said Physio-Control President Brian Webster. "The Jolife acquisition is fully aligned with that strategy." Last week it was reported that Medtronic plans to spin Physio-Control off into its own company, notes Xconomy.

- here's the Physio-Control release
- read the Xconomy brief