Manufacturing Magazine December 2022 | Page 79

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Medtronic

For more than 60 years , medical equipment manufacturing company Medtronic has been on a mission to do the extraordinary – to “ contribute to human welfare by application of biomedical engineering in the research , design , manufacture , and sale of instruments or appliances that alleviate pain and restore health ” – to , ultimately , extend life .
The company works across neuroscience , in fields such as gastric therapies through to spinal technologies , as well as in surgical robotics and patient monitoring solutions .
Medtronic recently announced that it will separate the company ' s combined Patient Monitoring and Respiratory Interventions businesses (‘ NewCo ’) under the company ' s Medical Surgical Portfolio .
" This separation will allow Medtronic to focus our company and our capital on opportunities better aligned with our long-term strategies to accelerate innovation-driven growth , positioning NewCo to unlock value ,” said Geoff Martha , chairman and CEO of Medtronic . manufacturingdigital . com 79