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Summary Box: Covidien continues to deal, buys ev3

Tue, 06/01/2010 - 8:10am
The Associated Press

LET'S MAKE A DEAL: Covidien PLC is buying ev3 Inc. for $2.6 billion. Covidien was spun off from Tyco International three years ago and has remade itself in the last year to focus on more lucrative businesses.

SHOPPING SPREE: In 2009 it bought VNUS Medical Technologies for $440 million, Aspect Medical Systems for $210 million and Power Medical Systems for $39 million.

ON THE BLOCK: In September Covidien said it would divest less profitable businesses. It sold or agreed to sell its sleep diagnostics, oxygen therapy, and radiopharmacy units, and part of its sleep therapy business.

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