St. Jude Merges into Neuromodulation Market

In a $1.3 billion deal, St. Jude Medical Inc. (St. Paul, MN) has acquired Advanced Neuromodulation Systems Inc. (ANS; Plano, TX). Now a new division of St. Jude, ANS is a leader in the neuromodulation device market and reportedly holds the number two market spot in the spinal cord stimulation segment.

“This is a compelling strategic opportunity for St. Jude Medical and is consistent with our efforts to create additional long-term growth drivers that diversify our business mix and deliver value to our shareholders,” said Daniel J. Starks, St. Jude Medical chairman, president, and CEO. “We welcome ANS's employees to St. Jude Medical and expect them to be an important part of our continued success.”