It is estimated that Itamar Medical will join the e-health ventures of Medtronic, which had already invested $9 in it in the past.
Medtronic, the world's leading medical technology company, has invested $20 million in Israeli start-up company Itamar Medical, at a company value of $105 million, after money. This is Medtronic's second investment in Itamar Medical, in which is had already invested $9 million 18 months ago.
It is estimated that Itamar Medical will join Medtronic's e-health ventures, using applications of the technology it has developed. Medtronic has announced two Internet ventures: one in cooperation with Microsoft and IBM, and the other with leading medical Internet site Web-MD.
Itamar Medical has developed a technology that measures peripheral circulatory responses, a source of important information on patients' clinical condition, including cardiology, sleeping disorders, and blood pressure tests.
Published by Israel's Business Arena on 21 February, 2000