Medtronic Acquires CathWorks for $585 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 03 2026
0mins
Should l Buy MDT?
Source: Benzinga
Medtronic PLC's stock fell 3.01% and hit a 20-day low amid a broader market decline, with the Nasdaq-100 down 0.09% and the S&P 500 down 0.41%.
The decline occurred despite Medtronic's recent acquisition of CathWorks for $585 million, which is expected to enhance its cardiovascular product portfolio with the innovative FFRangio system. This acquisition is anticipated to improve Medtronic's competitiveness in the global market, especially following positive clinical trial results presented at the American College of Cardiology conference, validating the system's effectiveness in cardiac disease diagnosis.
This strategic move marks a significant step in Medtronic's digital transformation efforts, potentially expanding access to advanced cardiac diagnostic tools and improving patient outcomes, despite the current stock price decline.
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Analyst Views on MDT
Wall Street analysts forecast MDT stock price to rise
20 Analyst Rating
11 Buy
9 Hold
0 Sell
Moderate Buy
Current: 76.820
Low
102.00
Averages
111.76
High
120.00
Current: 76.820
Low
102.00
Averages
111.76
High
120.00
About MDT
Medtronic Public Limited Company is an Ireland-based company, which provides healthcare technology solutions. The Company’s products category includes Advanced Surgical Technology; Cardiac Rhythm; Cardiovascular; Digestive & Gastrointestinal; Ear, Nose & Throat; General Surgery; Gynecological; Neurological; Oral & Maxillofacial; Patient Monitoring; Renal Care; Respiratory; Spinal & Orthopedic; Surgical Navigation & Imaging; Urological; Product Manuals; Product Ordering & Inquiries; and Product Performance & Advisories. Its products include Cardiac Implantable Electronic Device (CIED) Stabilization, Aortic Stent Graft Products, CareLink Personal Therapy Management Software, CareLink Pro Therapy Management Software. Its services and solutions include Ambulatory Surgery Center Resources, Care Management Services, Digital Connectivity Information Technology (IT) Support, Equipment Services and Support, Innovation Lab, Medtronic Healthcare Consulting, and Office-Based Sinus Surgery.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Investor Sentiment Divergence: While the S&P 500 and Nasdaq Composite reached record highs, the market has become increasingly bifurcated, with investors flocking to artificial intelligence stocks while aggressively selling off others.
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- Hormel's Brand Revamp: After a 60% drop in stock price, Hormel Foods is reworking its brand and product portfolio, with recent organic growth trending upward, and its 5.6% dividend yield providing stable returns for long-term investors, showcasing resilience during tough times.
- Medtronic's Focus Strategy: Medtronic is enhancing profitability by spinning off its diabetes business and launching new products like the Hugo surgical robot; despite a 40% stock price decline, its 3.6% dividend yield remains attractive to long-term investors, underscoring its leadership in the medical device sector.
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- Hormel Brand Restructuring: Hormel Foods is reworking its brand and product portfolio after a 60% stock price decline, with recent organic growth trends improving; its 5.6% dividend yield and 46% controlling stake provide flexibility for long-term decision-making.
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