Medtronic issued an urgent field safety notice for its replacement heart valve in Europe. The warning covers the Medtronic CoreValve Evolut Pro+ 34 mm transcatheter aortic valve replacement (TAVR). It’s dated December 2022, although it was published to a European regulatory site last week. Medtronic notified customers of a “known phenomenon” that occurs when the […]
Medtronic
Medtronic, DaVita launch Mozarc kidney care spinoff
Medtronic and DaVita (NYSE:DVA) announced the official launch of their kidney care spinoff, called Mozarc Medical. In May 2022, the two companies announced their intent to form a new medical device company for kidney care. They temporarily dubbed the company “NewCo.” Medtronic and DaVita described its mission as aiming to enhance the patient experience and improve outcomes […]
Report: ICU Medical, GE HealthCare to battle over Medtronic units
Reuters reported today that ICU Medical and GE HealthCare are pursuing two business units Medtronic aims to sell off. The outlet cites sources familiar with the situation, saying the companies are looking at Medtronic’s patient monitoring and respiratory interventions businesses. According to Reuters, Medtronic values these businesses between $8 billion and $9 billion. In October, Medtronic […]
Medtronic prices $2 billion of senior notes
Medtronic announced that its Medtronic Global Holdings S.C.A subsidiary priced an offering of senior notes worth $2 billion. The financial move comes at the same time that the world’s largest medical device company engages in significant expense reductions. The idea is to boost the company’s resilience against the present macroeconomic headwinds. The wholly-owned subsidiary — […]
Medtronic reveals more details on surgical business consolidation
Medtronic (NYSE:MDT) today confirmed the consolidation of its Surgical Robotics and Surgical Innovations operating units into a single Surgical operating unit and said it would not close its facilities in Colorado and Connecticut. MassDevice was the first to report the operating unit consolidation and promotion of former Surgical Robotics President Mike Marinaro to lead the […]
Medtronic combines surgical robotics and surgical innovations units
A senior Medtronic executive’s promotion is the latest piece of the puzzle as the world’s largest medical device company seeks significant expense reductions. Mike Marinaro, who became president of Medtronic’s Surgical Robotics operating unit one year ago, is now EVP and president of Medtronic’s Surgical operating unit. Fridley, Minnesota-based Medtronic (NYSE:MDT) didn’t announce the changes […]
Medtronic wins CE mark for Affera ablation system
Medtronic (NYSE:MDT) announced today that it received CE mark approval for its Affera mapping and ablation system. The Affera system includes the Sphere-9 catheter and Affera Prism-1 mapping software. Together, the system integrates Sphere-9 pulsed-field ablation (PFA), radiofrequency (RF) and high-density (HD) mapping. It maps and ablates atrial arrhythmias — including AFib — and provides […]
Medtronic and DaVita’s dialysis venture appears to be called Mozarc Medical
Regulatory filings indicate a medtech CEO is involved in the new kidney care company.
Clues are pointing to Mozarc Medical as the name of the new kidney care company that Medtronic (NYSE:MDT) and DaVita (NYSE:DVA) are expected to launch this year. The companies used “NewCo” as a placeholder when announcing the new company last year and said a renaming and rebranding would come when the deal closes sometime in […]
Medtronic offered early retirements as medtech industry layoffs mount
Employees in supply chain, cybersecurity and other specific roles were excluded from the offer.
Medtronic (NYSE:MDT) offered early retirement incentives in recent weeks as the world’s largest medical device company seeks to cut costs before the end of its fiscal year in April. The medical device developer and manufacturer has said little about potential job cuts among its ranks, which it reported as more than 95,000 people worldwide at […]
11 of the biggest medtech earnings stories from Q4 2022
Layoffs, growth and more — the biggest medtech companies in the world experienced a range of outcomes in the fourth quarter of 2022. Over the past two months, many of the largest medtech companies across the globe reported their financial results for the three months ended Dec. 31, 2022 (with a handful of exceptions due […]
The biggest cardiology tech stories from ACC.23
Major medtech players presented a range of intriguing studies at a gathering of some of the biggest names in the cardiology tech space. Some of the hottest topics were covered this past week at the American College of Cardiology’s Annual Scientific Session Together With the World Congress of Cardiology (ACC.23/WCC) in New Orleans. Ablation, cardiac […]
