06 Oct 2022

Offaly medical supplies company has new owners after multi-billion euro deal

Offaly medical supplies company has new owners after multi-billion euro deal

Healthcare giant Medtronic, who operates a plant in Tullamore, has sold its medical supplies business to rival Cardinal Health. 17 Medtronic facilities will be sold as part of the deal, which will cost Cardinal Health around €5.7 billion.

The Medtronic plant in Tullamore is located in the Sragh Industrial Estate and currently employs about 350 staff, including contractors. The news follows a company restructuring last year, and staff have now been briefed on Tuesday about the  multi-billion euro transaction.

SEE ALSO: 36 jobs to go with the closure of Offaly company

The acquisition involves 17 plants across a number of countries. The business sells everything from needles and catheters to monitoring equipment and medical instruments. 

Medtronic says it’s a “positive transaction” for all involved including employees who it believes will "thrive" under the change in ownership.

To continue reading this article,
please subscribe and support local journalism!

Subscribing will allow you access to all of our premium content and archived articles.


To continue reading this article for FREE,
please kindly register and/or log in.

Registration is absolutely 100% FREE and will help us personalise your experience on our sites. You can also sign up to our carefully curated newsletter(s) to keep up to date with your latest local news!

Register / Login

Buy the e-paper of the Donegal Democrat, Donegal People's Press, Donegal Post and Inish Times here for instant access to Donegal's premier news titles.

Keep up with the latest news from Donegal with our daily newsletter featuring the most important stories of the day delivered to your inbox every evening at 5pm.