Company news

April 9, 2009 at 3:46AM

MERGERS AND ACQUISITIONS Patterson Companies, Mendota Heights, announced that the U.K. unit of its Patterson Medical business, Homecraft Rolyan Ltd., has acquired Mobilis Healthcare Group, one of the U.K.'s leading value-added distributors of physical therapy, sports medicine and podiatry products. Terms of the all-cash transaction were not disclosed.

U.S. Bancorp, Minneapolis, announced that its lead bank, U.S. Bank N.A., has reached agreement to acquire the corporate trust bond administration business of AmeriServ Financial Inc.

NEW PRODUCTS Medtronic Inc., Fridley, announced the start of ENGAGE, an international multicenter study to evaluate the performance of the Endurant stent graft.

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Glen Stubbe/The Minnesota Star Tribune

State officials said higher premiums and diminished federal tax credits mean some people likely feel they can’t afford coverage.

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