Medtronic Plc

Medtronic Plc

Medtronic Plc

Overview
Date Founded

1949

Headquarters

Lower Hatch Street, 20 On Hatch, Dublin, 2, IRL

Type of Company

Public

Employees (Worldwide)

90K

Industries

Medical Products & Equipment
Hospitals & Patient Services

Company Description

Medtronic Plc is a medical technology company, which engages in the development, manufacture, distribution, and sale of device-based medical therapies and services. It operates through the following segments: Cardiac and Vascular Group; Minimally Invasive Technologies Group; Restorative Therapies Group; and Diabetes Group. The Cardiac and Vascular Group segment consist Cardiac Rhythm and Heart Failure, Coronary and Structural Heart, and Aortic and Peripheral Vascular divisions. The Minimally Invasive Technologies Group segment comprises Surgical Innovations and Respiratory, Gastrointestinal, and Renal divisions. The Restorative Therapies Group contains Spine, Brain, Specialty Therapies, and Pain Therapies divisions. The Diabetes Group segment focuses in the development, manufacturing, and marketing of products and services for the management of Type I and Type II diabetes. The company was founded in 1949 and is headquartered in Dublin, Ireland.

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Executives & Employees

Chairman & Chief Executive Officer

Chief Financial Officer & Executive Vice President

Senior Vice President, General Counsel & Corporate Secretary of the Company & of Medtronic, Inc

Senior Vice President & Chief Information Officer

Senior Vice President & Chief Human Resources Officer

President, Asia Pacific Region

President-Europe, Middle East & Africa Region

Director of Public Relations

Communications Director

Director of Public Relations, Neuromodulation

Board of Directors

Chairman & Chief Executive Officer at Medtronic Plc

Co-Chief Executive Officer & Trustee at Dignity Health

Chairman & Chief Executive Officer at Eaton Corp. Plc

Former Chief Executive Officer at Pentair Plc

President & Chief Executive Officer at Textron, Inc.

General Mills at Medtronic Navigation, Inc.

Former Governor of Utah

Former Chief Executive Officer at Delta Air Lines, Inc.

President at Brigham & Women's Physicians Organization, Inc.

Former General Partner at Menlo Ventures Management LP

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Owners & Shareholders
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WMC relies on their extensive independent research and include portfolio management styles and approaches in equities, fixed income securities, currencies and commodities, as well as asset allocation across these categories. The firm has a number of different disciplines when approaching research and these include asset allocation analysts, currency analysts, data scientists, factor analysts, fixed income credit analysts, fixed income market analysts, global industry analysts and research associates, macro-analysts, quantitative analysts and technical analysts. Their portfolio management teams often include dedicated analysts who evaluate securities and other instruments for suitability based on the team’s investment approach. WMC supplements their internal research with external research from sources such as broker/dealers and third-party research firms. These sources typically provide data, research and analysis and may serve as a gauge of market consensus.

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MFS Investment Management employs a variety of methods to evaluate securities, including fundamental analysis and quantitative analysis. The firm offers fundamental, active and research-driven equity strategies that strive for less volatility relative to benchmarks and greater value through changing markets. Fixed income strategy offers total return focused and credit-oriented approach. Multi-Asset strategy is goal-oriented, diversified and disciplined investment approach that combines broad diversification across multiple asset classes, active asset allocation, and bottom-up security selection. MFS' retirement solutions are designed with a goal of maximizing growth and supporting income over a lifetime by focusing on long-term returns. MFS Blended Research is an approach to active equity management that combines the firm’s fundamental research expertise with highly systematic quantitative research.

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Lazard Asset Management is known for its global perspective on investing and years of experience with global, regional and domestic portfolios. With more than 280 investment personnel worldwide, we offer investors of all types an array of equity, fixed income, and alternative investment solutions from our network of local offices in ten different countries. Our team-based approach to portfolio management helps us to deliver robust and consistent performance over time, and strong client relationships allow us to understand how to employ our capabilities to our clients' advantage. With over $146.0 billion in assets under management, we have offices located throughout the world in Bahrain, Boston, Chicago, Frankfurt, Hong Kong, London, Milan, Montreal, New York, San Francisco, Seoul, Sydney, Tokyo, Toronto, and Zurich. Lazard Asset Management’s business is a diversified, global investment platform that focuses on managing assets for our clients. As a result, throughout all market environments, we maintain a disciplined approach to investing with a research-driven investment process focusing on financial productivity and valuation. We believe there are substantial opportunities for value driven investors and continue to seek out and invest in companies with healthy balance sheets and sustainability of returns

Recent Transactions
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Medtronic Plc purchases Medicrea International SA

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Medtronic Plc purchases Digital Surgery Ltd.

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Medtronic Plc purchases Titan Spine, Inc. from Southlake Equity Group LLC

Transaction Advisors
Legal Advisor

Advised onMedtronic Plc purchases Aptus Endosystems, Inc. from U.S. Venture Partners, Synergy Life Science Partners LLC, Longitude Capital Management Co. LLC

Legal Advisor

Advised onMedtronic Plc purchases Mazor Robotics Ltd.

Investment Advisor

Advised onMedtronic Plc purchases HeartWare International, Inc.

Legal Advisor

Advised onMedtronic Plc purchases Mazor Robotics Ltd.

Legal Advisor

Advised onMedtronic Plc purchases Mazor Robotics Ltd.

Legal Advisor

Advised onMedtronic Plc purchases Mazor Robotics Ltd.

Advisors & Consultants
Advisor

President & Managing Director at Morgan Stanley Investment Management, Inc.

Advisor

Executive Vice President & President at Medtronic, Inc.

Legal Advisor

Partner at Gibson, Dunn & Crutcher LLP

Clients

United Therapeutics Corp. operates as a biotechnology company, which engages in the development and commercialization of products for patients with chronic and life-threatening diseases. It markets and sells commercial therapies to treat pulmonary arterial hypertension and high-risk neuroblastoma. The firm also involves in the research and development of new indications and delivery devices for its product, and for the organ transplantation-related technologies. The company was founded by Martine A. Rothblatt on June 26, 1996 and is headquartered in Silver Spring, MD.

Covetrus, Inc. engages in developing technologies and services for animal health industry. It also provides products, software, and services to help drive improved patient health, strong client relationships, and successful financial outcomes for veterinary professionals. The company was founded by Benjamin J. Shaw in 2014 and is headquartered in Portland, ME.

Founded in Richmond, Virginia, in 1882, Owens & Minor is the nation’s leading distributor of medical and surgical supplies to the acute-care market and a leading provider of healthcare supply chain management solutions. For the first 110 years, our company provided pharmaceutical, and medical and surgical supplies to drugstores and hospitals throughout selected areas of the United States. In 1992, we made a decision to sell our wholesale drug business and focus entirely on the medical/surgical marketplace. This wise decision has paid huge dividends. Today, our 5,100 teammates in 55 distribution centers and our home office serve 4,500 hospitals, integrated healthcare systems, alternate care locations, and the federal government with a comprehensive offering of medical and surgical products. The majority of our sales are consumable goods, such as disposable gloves, dressings, endoscopic products, needles and syringes, sterile procedure trays, surgical products and gowns, and urological and wound-closure products. We have established a great reputation for providing superior, world-class service and continually strive to exceed our customers’ expectations. We understand that if we take great care of our customers, they will take great care of us. Owens & Minor’s common shares are traded on the New York Stock Exchange under the symbol OMI. Our goal is to deliver long-term value to our shareholders and we have paid dividends consistently since 1930. Delivering the difference is our mantra, and we strive every day to live up to that.

Key Stats and Financials As of 2020
Market Capitalization
$156B
Total Enterprise Value
$149B
Earnings Per Share
$3.54
Revenue
$28.9B
Net Profit
$4.79B
EBITDA
$8.28B
EBITDAMargin
28.63%
Total Debt
$25.7B
Total Equity
$50.9B
Enterprise Value / Sales
5.16x
Enterprise Value EBITDAOperating
17.89x
TEVNet Income
31.13x
Debt TEV
0.17x
Three Year Compounded Annual Growth Rate Of Revenue
-0.9%
Non-Profit Donations & Grants
$5,000 +
2017
Non-Profit Donations & Grants Received
$6.4M
2012
Investments
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BrainsGate Ltd. develops medical devices. The firm specializes in therapies for patients suffering from central nervous system diseases. Its platform technology involves electrical stimulation of the Spheno-Palatine Ganglion, a nervous center known to increase cerebral blood flow. The company was founded by Yossi Gross and David Yarnitsky in 2000 and is headquartered in Caesarea, Israel.

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Contego Medical LLC develops novel emboli protection devices. Its products include CORGUARD coronary stent system, VANGUARD renal stent system, and PALADIN carotid post-dilation balloon. The company was founded by Ravish Sachar and Jay S. Yadav in 2005 and is headquartered in Raleigh, NC.

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Nanos Medical Shanghai Co. Ltd. is a Chinese company located in Shanghai. The firm develops, manufactures and markets disposable medical devices. It was founded in 2015 by Ning Li, Teng Cui and Yong Wei Qian.

Investors
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Co-Founder at Motability

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Life Peer at United Kingdom House of Lords

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Life Peer at United Kingdom House of Lords

Suppliers
Anika Therapeutics, Inc. Industrial Machinery & Manufacturing | Bedford, MA

Anika Therapeutics, Inc. is an orthopedic and regenerative medicines company, which develops, manufactures and commercializes therapeutic products for pain management, tissue regeneration, and wound healing. Its products are based on hyaluronic acid, a natural chemical occurring, biocompatible polymer found throughout the body. It offers therapeutic products which include orthobiologics, dermal, ophthalmic, surgical, ophthalmic and veterinary. The company was founded in 1992 and is headquartered in Bedford, MA.

ANSYS, Inc. IT Consulting & Services | Canonsburg, PA

Founded in 1970, ANSYS employs more than 2,100 professionals, and many of them are engineers expert in fields such as finite element analysis, computational fluid dynamics, electronics and electromagnetics, and design optimization. Our staff includes more master’s and Ph.D.-level engineers than any other simulation provider. ANSYS is passionate about pushing the limits of world-class technology, all so our customers can turn their design concepts into successful, innovative products. The company has been recognized as one of the world's most innovative and fastest -growing companies by prestigious organizations including BusinessWeek and FORTUNE magazines. Over the years, our steady growth and financial strength reflect our commitment to innovation and R&D. We reinvest 15 percent of our revenues each year into research to continually refine our software. We are listed on the NASDAQ stock exchange.

OSI Systems, Inc. Computer Hardware | Hawthorne, California

OSI Systems has been committed for over thirty-five years to both comprehensive research into meaningful issues and high-technology solutions to what will make the world safer and healthier. Rapiscan Systems, Spacelabs Healthcare and OSI Optoelectronics have decades of experience and leadership in their markets. Most importantly, their reputation for service is a cornerstone to their longevity and positions of trust and partnership.

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