St. Paul, Minn.-based St. Jude Medical has signed a definitive agreement to acquire NeuroTherm, a chronic pain solutions device company, according to a news release.
Subject to customary closing conditions, the transaction is expected to close by the end of the third quarter of 2014 for $200 million in cash, according to the news release.
St. Jude Medical expects to increase 2014 sales by approximately $10 million to $15 million after acquiring NeuroTherm, according to the news release.
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