The Maker of a Swallowable Pill That Takes Pictures Sells for $860 Million

Covidien has purchased Given Imaging, an Israel-based swallowable pill camera called PillCam, for $30 per share in cash for a total of approximately $860 million.

"Covidien says its purchase of Given Images “confirms our leadership in developing less-invasive screening, diagnosis and treatment solutions that can improve patient outcomes and lower healthcare costs,” according to the announcement."

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