Client Stories

Cardiocom, LLC

Lindquist & Vennum began working with Cardiocom, LLC in 1999, soon after the company was formed and was operating out of the home of founder Daniel Cosentino. Lindquist attorneys represented the company over the next 14 years, as the Cosentino family grew the business to be the #2 provider of patient home-monitoring services in the United States. Lindquist lawyers served as deal counsel in August 2013, when Medtronic purchased the business for $200 million in cash. The acquisition became Medtronic’s entry into the telehealth service business, which aims to work with hospitals and insurers in limiting the costs of treating patients with chronic diseases. Forbes magazine called the bellwether transaction “unusually significant” as the medical device industry broadens its focus beyond mechanical products to include integrated health services.

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