Covidien has acquired Israel-based PolyTouch Medical, a developer of hernia mesh placement technologies, according to a news release.
The acquisition took place in 2011, but is only being reported now, according to a Globes report. It is believed that Covidien paid $30-$40 million for the company, which was part of the portfolio of the Trendlines Group's Misgav Venture Accelerator.
PolyTouch Medical was in established March 2009. The company developed PatchAssist, a device for the deployment and placement of mesh during laparoscopic soft tissue repair procedures. It was further developed to become AccuMesh, an endomechanical device facilitating insertion, deployment and placement of mesh during laparoscopic ventral hernia repair.
Covidien announced the launch of the AccuMesh positioning system in late March.
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