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Covidien (COV) Nabs PolyTouch

April 30, 2012 7:21 AM EDT
PolyTouch Medical Ltd. was acquired by Covidien (NYSE: COV).

PolyTouch Medical Ltd. developed a device for the precise and rapid deployment and placement of mesh during laparoscopic soft tissue repair procedures. PatchAssist", the leading product, was further developed to become AccuMesh", an innovative endomechanical device facilitating insertion, deployment and placement of mesh during laparoscopic ventral hernia repair. Covidien launched the AccuMesh device earlier this year.

PolyTouch was advised by Morgan Keegan & Company, Inc., now part of Raymond James & Associates, Inc.


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