Medtronic Invests $700 Million in Cornerstone Robotics

Cleary Gottlieb is representing Medtronic, a global leader in healthcare technology, in its strategic partnership with Cornerstone Robotics, a surgical robotics company, under which Medtronic will invest approximately $700 million in Cornerstone Robotics.

The transaction includes rights for Medtronic to distribute Cornerstone Robotics’ Sentire surgical system in select markets outside the U.S. where the system is market approved. Medtronic will distribute Sentire alongside its Hugo robotic-assisted surgery system. Together, the two platforms will expand access to robotic-assisted surgery and give surgeons and health systems more options designed to meet their needs and support more patients globally.

Medtronic is a leading global healthcare technology company with a team of more than 95,000 people across more than 150 countries. Medtronic’s technologies and therapies treat 70 health conditions and include cardiac devices, surgical robotics, insulin pumps, surgical tools, patient monitoring systems, and more.

For more information, please see the press release.

The Cleary team was led by partners James Hu and Kimberly Spoerri, senior attorney Isa Julson Barahona, and associates Yuan He and Megha Vyas.