Medtronic, Inc.

Medtronic, Inc.

Medtronic, Inc.

Overview
Date Founded

1949

Headquarters

710 Medtronic Parkway Minneapolis, Minnesota, 55432, United States

Type of Company

Private

Employees (Worldwide)

10K - 1M

Industries

Medical Support Services
IT Consulting & Services
Biotechnology
Medical Products & Equipment
Hospitals & Patient Services
Industrial Machinery & Manufacturing

Company Description

Medtronic was founded in 1949 as a medical equipment repair shop by Earl Bakken and his brother-in-law, Palmer Hermundslie. Since then, we've grown into a multinational company that uses technology to transform the way debilitating, chronic diseases are treated.Our first life-changing therapy – a wearable, battery-powered cardiac pacemaker – was the foundation for dozens more Medtronic therapies that use our electrical stimulation expertise to improve the lives of millions of people. Over the years, we adapted additional technologies for the human body, including radio frequency therapies, mechanical devices, drug and biologic delivery devices, and diagnostic tools. Today, our technologies are used to treat more than 30 chronic diseases affecting many areas of the body.

Website

http://www.medtronic.com

Contact Data
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In The News
PR Newswire
November 21, 2019
Sports Medicine Market Outlook 2024: Global Top Companies, Trends and Growth Factors Details for Business Development
PR Newswire
November 21, 2019
Critical Care Equipment Market 2019: Size, Share, Demand, Trends, Growth, Industry Analysis till 2026 - Data Bridge Market Research
Business Wire
November 20, 2019
Global Advanced Wound Care Market Analysis & Forecast (2016-2026), Industry Dynamics, Key Segments & Leading Players - ResearchAndMarkets.com
Business Wire
November 19, 2019
Institute for Healthcare Improvement Recognizes NHS Highland Telehealth Program; NHS Near Me initiative uses technology to expand health care access in rural Scotland
Orlando Sentinel (Florida)
November 19, 2019
Insulin pump firm faces lawsuitWoman dies hours before husband learned of Medtronic recall

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Executives & Employees
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Omar Ishrak

Chief Executive Officer

H. James Dallas

Chief Information Officer & Senior Vice President

Sean P. Lennon

Chief Information Officer

James Hogan

Vice President & President, Latin America

Lori Wallin

Founder

Tammy Worley

Founder

Cindy Engelstad

Founder

Randal Schulhauser

Founder

Brad Steinhoff

Owner

Grubbs Stacy

Owner

Board of Directors
Geoffrey S. Martha

Future Chief Executive Officer at Medtronic Plc (Effective 04/2020)

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Paths to Medtronic, Inc.
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Medtronic, Inc.
Owners & Shareholders
Details Hidden
Locke Lord LLP

Locke Lord is a full-service, international law firm of 20 offices designed to meet clients’ needs around the world. The Firm has a history that spans more than 130 years and is a worldwide leader in the middle market sector. Locke Lord advises clients across a broad spectrum of industries including energy, financial services, fund formation, health care, insurance and reinsurance, private equity and venture capital, public finance, real estate, and technology, media and telecommunications, while providing a wealth of experience through its complex litigation, intellectual property, tax, regulatory and transactional teams.

Details Hidden
Locke Lord LLP

Locke Lord is a full-service, international law firm of 20 offices designed to meet clients’ needs around the world. The Firm has a history that spans more than 130 years and is a worldwide leader in the middle market sector. Locke Lord advises clients across a broad spectrum of industries including energy, financial services, fund formation, health care, insurance and reinsurance, private equity and venture capital, public finance, real estate, and technology, media and telecommunications, while providing a wealth of experience through its complex litigation, intellectual property, tax, regulatory and transactional teams.

Recent Transactions
Details Hidden

Inspire Medical Systems, Inc. issued USD Common Stock USD Common Stock

Details Hidden

China Everbright Ltd. purchases LifeTech Scientific Corp. from Medtronic, Inc.

Details Hidden

Medtronic, Inc., Medtronic Korea Co., Ltd. purchase Covidien Korea, Inc. from Covidien Ltd.

Transaction Advisors
Accountant
PricewaterhouseCoopers LLP

Advised onMedtronic, Inc. purchases Sofamor Danek Group, Inc.

Legal Advisor
Fredrikson & Byron PA

Advised onMedtronic, Inc. purchases MiniMed, Inc.

Investment Advisor
Goldman Sachs & Co. LLC

Advised onMedtronic, Inc. purchases Arterial Vascular Engineering, Inc.

Legal Advisor
Matthew P. Salerno

Advised onMedtronic, Inc. purchases Covidien Ltd. resulting in a new company Medtronic Plc

Legal Advisor
Francisco Enrique González-Díaz

Advised onMedtronic, Inc. purchases Medtronic Spine LLC

Counsel
John F. Wurm

Advised onMedtronic, Inc. purchases Medtronic CoreValve LLC from HealthCap AB, Apax Partners SA, Sofinnova Partners SAS, Maverick Capital Management LLC

Advisors & Consultants
Legal Advisor
David J. Zampa

Partner at Sidley Austin LLP

Legal Advisor
Craig A. Roeder

Partner at Baker & McKenzie LLP

Real Estate Agent
Chris A. Nordling

Senior Managing Director at Newmark Knight Frank
Clients
Cook Children's Medical Center

Cook Children's Medical Center provides surgery rehabilitation and ancillary equipment services. The firm offers equipment, surgery, rehabilitation and ancillary services all designed to meet children's needs. The company was founded in 1985 and is headquartered in Fort Worth, TX.

Christus Health Central Louisiana

SUPPORTING THE HEALTH CARE MINISTRIES OF THE SPONSORING CONGREGATIONS IN EXTENDING THE HEALING MINISTRY OF JESUS CHRIST IN CONFORMITY WITH THE ROMAN CATHOLIC CHURCH.
Non-Profit Donations & Grants
$1M - $5M
2012
Greater Twin Cities United Way

$2.5M
2011
Yale University

$294K
2011
The Medtronic Foundation

Political Donations
$1,000
2014
Bradley J. Sherman

$2,000
2014
Kevin McCarthy

$2,000
2014
Lois Capps

Investments
Details Hidden
iScience Interventional Corp.

iScience Interventional Corp. discovers and develops microcatheter and imaging technologies that enable ophthalmologists to deliver site-specific ocular therapies. It encompasses microcatheter-based therapies designed to access anatomical structures within the eye to aspirate ocular fluids or deliver sterile ophthalmic solutions to the eye. The firm addresses the previously unmet need for treatment of sight-threatening diseases with the innovative, minimally invasive iCath™ procedures. The company was founded by Michael F. Nash and Stan Conston in 1999 and is headquartered in Menlo Park, CA.

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Visualase, Inc.

Visualase, Inc. was founded in 2005 as a spin-off from BioTex, Inc., the original developer and current manufacturer of the Visualase technology. Visualase, Inc. is currently a privately held company located in Houston, Texas.

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BeneChill, Inc.

BeneChill, Inc. develops non-invasive cooling technology for cerebral ischemia treatment. The company was founded by Michael L. Berman and Denise Barbut in 2004 is headquartered in San Diego, CA.

Investors
Details Hidden
Marc-Henri Galletti

Co-Founder at Longitude Capital Management Co. LLC

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