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CONMED TO ACQUIRE ANDOVER MEDICAL INC., A SUBSIDIARY OF MEDTRONIC

 UTICA, N.Y., June 11 /PRNewswire/ -- Medtronic, Inc. and CONMED Corporation (NASDAQ: CNMD) announced today that CONMED Corporation has signed a contract to acquire the business of Medtronic Andover Medical, Inc. from Medtronic (NYSE: MDT). The sale is expected to close in July. Terms were not disclosed.
 Andover Medical, based in Haverhill, Mass., is a manufacturer and distributor of disposable electrodes and accessories used in monitoring the heart and for nerve stimulation. Founded in 1975, Andover Medical was acquired by Medtronic in 1983. In the last fiscal year, Andover Medical reported sales of approximately $23 million.
 Andover Medical and its approximately 235 employees will remain as an operating company in Haverhill, Mass.
 CONMED, a public company (NASDAQ), headquartered in Utica, N.Y., has manufacturing facilities in Denver and Utica. CONMED Corporation develops, manufactures and markets medical products for surgery and critical care use in hospitals and other health facilities in the U.S. and foreign markets. With CONMED's sales base in critical care products, this acquisition will broaden its product offering in this area and provide a strong framework for further growth.
 Medtronic, headquartered in Minneapolis, is the world's leading developer and manufacturer of therapeutic medical devices.
 -0- 6/11/93
 /CONTACT: Robert D. Shallish of CONMED Corporation, 315-797-8375, ext. 2219, or Dale Beumer of Medtronic, Inc., 612-574-3038/
 (CNMD MDT)


CO: CONMED Corporation; Medtronic, Inc.; Andover Medical, Inc. ST: New York, Minnesota, Massachusetts IN: MTC SU: TNM

KL -- CL002 -- 0925 06/11/93 07:45 EST
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Publication:PR Newswire
Date:Jun 11, 1993
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