Medtronic Acquires Jolife

Physio-Control, a subsidiary of Medtronic (NYSE:MDT) has acquired Jolife AB, Sweden, which developed and and manufactures the LUCAS Chest Compression System, a medical device for heart-lung-resuscitation. The companies already had an existing partnership since 2004. Investors in Jolife included InnovationsKapital and Swedestart Life Science (CapMan).