JERUSALEM, Oct. 10 (Xinhua) -- Medtronic, a global medical equipment development company, acquired Israeli medical technology company AV Medical with 30 million U.S. dollars, the Hebrew financial website Calcalist reported on Thursday.
The Israeli company, founded in 2012 and based in the coastal city of Tel Aviv, is developing solutions to catheter-based interventions.
AV Medical told the website that "the acquisition will help our products reach more patients worldwide and improve both the quality of the patients' life during treatment and the physician's work."
Medtronic is among the world's largest medical equipment development companies which develops robotic guidance systems for spine and brain surgery.
Medtronic provides services to doctors, hospitals and patients in some 150 countries.