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Medtronic

Medtronic

Medtronic is a company providing medical technology, service, and solutions to treat chronic diseases.

OverviewStructured DataIssuesContributors

Contents

medtronic.com
Is a
Organization
Organization
Company
Company

Company attributes

Industry
Biotechnology
Biotechnology
Stem cell
Stem cell
Healthcare
Healthcare
Biosensor
Biosensor
Antimicrobial fabric
Antimicrobial fabric
‌
Antimicrobial drug
Medical ventilator
Medical ventilator
Continuous positive airway pressure
Continuous positive airway pressure
...
Location
Mansfield
Mansfield
Doral, Florida
Doral, Florida
0
Kowloon
Kowloon
0
Jeddah
Jeddah
0
Eastern Province, Saudi Arabia
Eastern Province, Saudi Arabia
0
Kyiv
Kyiv
0
Tolochenaz
Tolochenaz
0
North Ryde, New South Wales
North Ryde, New South Wales
0
...
B2X
B2B2C
B2B2C
B2B
B2B
0
CEO
Omar Ishrak
Omar Ishrak
‌
William A. Hawkins
Geoffrey Martha
Geoffrey Martha
0
Founder
‌
Palmer Hermundslie
Earl Bakken
Earl Bakken
AngelList URL
angel.co/medtronic
Pitchbook URL
pitchbook.com/profiles.../11242-00
Legal Name
Medtronic plc
Parent Organization
Medtronic
Medtronic
0
Subsidiary
Mazor Robotics
Mazor Robotics
Covidien
Covidien
0
Medtronic
Medtronic
0
MedTech Actuator
MedTech Actuator
0
Legal classification
Public limited company
Public limited company
Date Incorporated
1984
Spinout
Inspire Medical Systems
Inspire Medical Systems
Number of Employees (Ranges)
10,001+
Phone Number
+17635144000
Number of Employees
90,0000
Full Address
Medtronic Slovakia Karadžičova 12 82108 Bratislava Slovakia0
Medtronic Russia Naberezhnaya Tower C Presnenskaya Naberezhnaya, 10 123317 Moscow Russia0
Medtronic Romania Baneasa Business & Technology Park 42-44 Bucuresti-Ploiesti Road, Building A, A1 Wing 2nd floor 013696 District 1, Bucharest Romania0
Medtronic Hungária Kft. Bocskai út 134-146 C épület 3. emelet Budapest, 11130
Medtronic Czechia s. r. o. Prosek Point, Budova B Prosecká 852/66 190 00 Praha 90
Medtronic BV Representative Office Horizon Park Business Center 4 Mykoli Grinchenka Str. 03038 Kiev Ukraine0
eddah Office Gulf Medical Company Premises, Khalid Bin Al Waleed Al Sharafiyah, Jeddah 21455 - Kingdom of Saudi Arabia0
Medtronic Adriatic d.o.o. Folnegoviceva 1C 10000 Zagreb Croatia0
...
CIK Number
64,670
1,613,103
Place of Incorporation
Minnesota
Minnesota
Investors
Highland Capital Partners
Highland Capital Partners
Split Rock Partners
Split Rock Partners
Blackstone Life Sciences
Blackstone Life Sciences
Early Stage Partners
Early Stage Partners
Wellcome Trust
Wellcome Trust
0
Emergent Medical Partners
Emergent Medical Partners
Delphi Ventures
Delphi Ventures
Menlo Ventures
Menlo Ventures
...
DUNS Number
006261481
IRS Number
410,793,183
Founded Date
1960
0
Total Funding Amount (USD)
339,992,300
Latest Funding Round Date
March 3, 2023
Competitors
Wright Medical (company)
Wright Medical (company)
Braun (company)
Braun (company)
iHerb, Inc.
iHerb, Inc.
Stock Symbol
MDT0
Exchange
New York Stock Exchange
New York Stock Exchange
0
Glassdoor ID
436
Board of Directors
Scott C. Donnelly
Scott C. Donnelly
0
‌
RANDALL J. HOGAN
0
‌
Andrea J. Goldsmith
0
‌
Elizabeth G. Nabel
0
‌
Kevin E. Lofton
0
Craig Arnold
Craig Arnold
0
‌
Richard H. Anderson (entrepreneur)
0
‌
Kendall J. Powell
0
...
CFO
‌
Karen L. Parkhill
Former CEO
Omar Ishrak
Omar Ishrak
0
Key People
‌
Karen L. Parkhill
Geoffrey Martha
Geoffrey Martha
‌
NOEL COLÓN
‌
Richard E. Kuntz
‌
CAROL SURFACE
‌
GREG SMITH
‌
TOROD NEPTUNE
‌
LAURA MAURI
Latest Funding Type
‌
Venture round
NAICS Code
339,113
CAGE Code
6L488
Patents Assigned (Count)
5,261
Wellfound ID
medtronic
Country
Slovenia
Slovenia
0
Slovakia
Slovakia
0
Saudi Arabia
Saudi Arabia
0
Switzerland
Switzerland
0
Romania
Romania
0
Russia
Russia
0
Republic of Ireland
Republic of Ireland
0
North Korea
North Korea
0
...
Headquarters
City Of Minneapolis
City Of Minneapolis
0

Other attributes

Company Operating Status
Active
Invested in
‌
FIRE1 April 2016 Series B Funding Round
Medtronic
Medtronic
Visualase
Visualase
NanoCor Therapeutics
NanoCor Therapeutics
Glooko
Glooko
Earlens Corporation
Earlens Corporation
Intersect ENT
Intersect ENT
Mitralign
Mitralign
...
Latest Funding Round Amount (USD)
2,992,300
Official Name
Medtronic Public Limited Company
SIC Code
3,845
Ticker Symbol
MDT
Wikidata ID
Q642189
Overview

Medtronic is a Minneapolis-based company providing medical technology, service, and solutions to treat chronic diseases that is headquartered in and was founded in 1949 by Daniel Grossman, Earl Bakken, Palmer Hermundslie, and Patrick Wells.

Medtronic is among the largest medical device companies in the world. With over 90,000 employees and operations in 150 countries. Medtronic provides products for treating many health conditions including cardiac devices, cranial and spine robotics, insulin pumps, surgical tools, patient monitoring systems, and more.

History

Medtronic was founded in 1949 as a medical equipment repair shop operating out of a Minneapolis garage. Highlights from the company's history include:

  • 1957 - Created the first external, wearable, battery-powered, transistorized heart pacemaker, and commercialized the first implantable pacemaker in 1960.
  • 1977 - Introduced the prosthetic heart valve.
  • 1983 - Expanded into neuro-stimulation.
  • 1999 - Expanded into spinal care.
  • 2001 - Expanded into diabetes care
  • 2015 - Acquired Covidien a manufacturer of medical devices and supplies.
  • 2016 - Introduced the world's smallest pacemaker and the first hybrid closed-loop insulin delivery.
  • 2017 - Introduced the world's smallest implantable spinal cord stimulator.
  • 2019 - Launched Mazor X Stealth Edition system for robotic-assisted spine surgery.
COVID-19 response

Medtronic announced on March 18, 2020 they have increased the production of their ventilators by 40%, and plan to double their manufacturing and supply capacity of ventilators in response to the COVID-19 pandemic. The company will double their employees focused on manufacturing ventilators and add additional ventilator productions shifts to help increase its overall ventilator manufacturing capacity. The executive vice president and president of the Minimally Invasive Therapies Group at Medtronic, Bob White, made the following statements regarding the COVID-19 pandemic and the company's response:

Medtronic recognizes the demand for ventilators in this environment has far outstripped supply. “No single company will be able to fill the current demands of global healthcare systems. However, with all manufacturers increasing their production and through partnerships with governments, hospitals and global health organizations, Medtronic is committed to getting more ventilators into the market and to the right locations in the world to help doctors and patients dealing with COVID-19.
Funding
Post-IPO equity

On August 15, 2016 Medtronic announced raising $20 million in post-ipo equity funding from Trade Capital Funding.

Timeline

No Timeline data yet.

Funding Rounds

Products

Acquisitions

SBIR/STTR Awards

Patents

Further Resources

Title
Author
Link
Type
Date

2020 Corporate Citizenship: Supporting a Global Workforce

https://youtu.be/jVbkNyYCDVU

Web

October 28, 2020

Correction: Medtronic Continuing to Increase Ventilator Production to Address COVID-19 Pandemic

Medtronic plc

https://www.globenewswire.com/news-release/2020/03/19/2003092/0/en/Correction-Medtronic-Continuing-to-Increase-Ventilator-Production-to-Address-COVID-19-Pandemic.html

Web

March 18, 2020

Life-transforming technology

https://youtu.be/0SZcvZQFZnI

Web

October 12, 2021

Meditronic Explores The Next Frontier In Healthcare: Regenerative Medicine

Medtronic

https://www.medtronic.com/us-en/about/news/regenerative-medicine.html

Web

Medtronic engineers around the globe share #WhatEngineersDo

https://youtu.be/0om6yYrlaUk

Web

February 17, 2022

References

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