v3.26.1
Acquisitions
 3 Months Ended
Mar. 31, 2026
Business Combination [Abstract]  
Acquisitions ACQUISITIONS
We acquire stock in companies and various assets that continue
to support our capital deployment and product development
strategies. In the three months 2026 and 2025 cash paid for
acquisitions, net of cash acquired was $22 and $4,749.
In February 2025 we completed the acquisition of Inari for $80
per share, or an aggregate purchase price of $4,810, net of cash
acquired. Inari's product portfolio includes minimally invasive
products for the treatment of venous thromboembolism. Inari is
part of our Peripheral Vascular business within MedSurg and
Neurotechnology. Goodwill attributable to the acquisition reflects
the strategic benefits of expanding our market presence,
diversifying our product portfolio and advancing innovations. This
goodwill is not deductible for tax purposes. Share-based awards
for Inari employees vested upon our acquisition and a charge of
$139 was recorded in selling, general and administrative
expenses in the three months 2025.
The purchase price allocation for Inari is:
Purchase Price Allocation of Acquired Net Assets
2025
Inari
Tangible assets acquired:
Accounts receivable
$78
Inventory
215
Deferred income tax assets
134
Other assets
84
Deferred income tax liabilities
(489)
Other liabilities
(189)
Intangible assets:
Developed technologies
1,458
Customer relationships
330
Other intangibles
72
Goodwill
3,117
Purchase price, net of cash acquired of $64
$4,810
Weighted average amortization period at acquisition (years):
Developed technologies
13
Customer relationships
13
Other intangibles
9
On May 7, 2026 we acquired Amplitude Vascular Systems, Inc.
(AVS) for approximately $435 in cash and up to $400 in future
milestone payments. AVS is developing a next-generation
intravascular lithotripsy platform designed to treat complex
peripheral arterial disease. We plan to integrate AVS into our
Vascular business within MedSurg and Neurotechnology.
Consolidated Estimated Amortization Expense
Remainder of
2026
2027
2028
2029
2030
$557
$682
$634
$618
$599