Covidien Enters Gastroenterology Field With Acquisition of Barrx Medical for $325M

Covidien has finalized a deal to acquire Barrx Medical for $325 million in cash, according to a Wall Street Journal report.

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The purchase brings Covidien into the gastroenterology field. Barrx will be operated as a standalone division of Covidien and staffed by current Barrx employees.

The company’s offerings include the Halo system, a radiofrequency ablation device to treat Barrett’s esophagus by using radiofrequency energy to remove a thin layer of tissue off the inner esophageal lining so healthy tissue can grow.

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