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Corporation
HEALTHCARE | Medical Equipment & Supplies
medtronic.com

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Investments

110

Portfolio Exits

24

Partners & Customers

10

Service Providers

2

About Medtronic

Medtronic (NYSE:MDT) is a healthcare solutions company committed to improving lives through medical technologies, services, and solutions. The company was founded in 1949 and is based in Minneapolis, Minnesota.

Medtronic Headquarter Location

710 Medtronic Parkway

Minneapolis, Minnesota, 55432,

United States

736-514-4000

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Expert Collections containing Medtronic

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Medtronic in 7 Expert Collections, including Regenerative Medicine.

R

Regenerative Medicine

1,818 items

Regenerative medicine refers to the process of activating, replacing, engineering or regenerating human genetic material, cells, tissues or organs to restore normal function. It also includes bioengineered tissues used for in vitro testing (e.g. organ-on-a-chip, organoids).

C

Conference Exhibitors

5,302 items

D

Diabetes

1,750 items

T

Telehealth

2,800 items

Companies developing, offering, or using electronic and telecommunication technologies to facilitate the delivery of health & wellness services from a distance. *Columns updated as regularly as possible; priority given to companies with the most and/or most recent funding.

M

Medical Devices

4,722 items

https://www.advamed.org/membership-join/membership-directory/ - excludes those without working websites.

H

Health Monitoring & Diagnostics

1,355 items

At-home IVD test developers, at-home sample collection device developers, at-home testing service providers, and all other companies playing in the at-home testing ecosystem. Companies tagged as #AtHomeTestingEcosystem

Medtronic Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Medtronic Rank

Latest Medtronic News

Zimmer Biomet narrowly avoids shareholder rebuke on executive pay

May 20, 2022

May 20, 2022 Zimmer Biomet CEO Bryan Hanson [Photo courtesy Zimmer Biomet] An unusually large share of Zimmer Biomet (NYSE:ZBH) investors voted against the orthopedics company’s pay packages for top executives at the annual shareholder meeting. About 54% of voting shareholders supported the pay packages of the company’s five top-paid executives at the May 13 meeting, according to results filed with the SEC yesterday . In 2021, nearly 93% of voting shareholders supported the executive compensation plan in what’s known as the Say on Pay vote, the company said in an SEC filing . Because these are advisory votes, they don’t require the board or management to take action and won’t affect executive pay unless the board takes steps on its own. But it’s a way for investors to put the board and top executives on notice. How much does the CEO of Zimmer Biomet and his top executives make? Warsaw, Indiana-based Zimmer Biomet reported nearly $15 million in total compensation for President and CEO Bryan Hanson, who is also chair of the board of directors. Hanson’s total pay increased about 15% from $13 million the year before. Hanson was the company’s top-paid employee in 2021, with a $1.18 million annual salary, $5.8 million in stock awards, $5.8 million in option awards, $1.8 million in bonuses and about $316,000 in other compensation, including matching contributions to his 401(k) and deferred compensation plan and personal use of corporate aircraft. Chief Operating Officer Ivan Tornos was Zimmer Biomet’s second-highest-earning employee after Hanson, with total compensation of nearly $4.9 million. EVP and CFO Suketu Upadhyay came in at No. 3 with $4.6 million, followed by EMEA President Wilfred van Zuilen with $4.1 million and APAC President Sang Yi at $3.4 million. Zimmer Biomet said Hanson’s most recent pay package was 234 times more than pay for its median employee, which the company calculated at $63,981 . Hanson made almost as much in 2021 as Geoff Martha made as CEO of Medtronic (NYSE:MDT) in its most recent fiscal year. Medtronic — the largest company in medtech — reported profits of $3.63 billion on sales of $30.1 billion in fiscal 2021 (ended April 30, 2021), compared to Zimmer Biomet’s $402.1 million profit on sales of $7.84 billion in calendar year 2021.

Medtronic Investments

110 Investments

Medtronic has made 110 investments. Their latest investment was in Gynesonics as part of their Series G on December 12, 2021.

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Medtronic Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

12/29/2021

Series G

Gynesonics

$32.5M

Yes

11/2/2021

Series B - II

Beijing Surgerii Technology

Yes

3

4/26/2021

Series A

Scivita Medical

$61.67M

Yes

6

12/6/2020

Series F

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$99M

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10

9/23/2020

Corporate Minority

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$99M

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10

Date

12/29/2021

11/2/2021

4/26/2021

12/6/2020

9/23/2020

Round

Series G

Series B - II

Series A

Series F

Corporate Minority

Company

Gynesonics

Beijing Surgerii Technology

Scivita Medical

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Amount

$32.5M

$61.67M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

3

6

10

10

Medtronic Portfolio Exits

24 Portfolio Exits

Medtronic has 24 portfolio exits. Their latest portfolio exit was Baylis Medical Company on October 06, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

10/6/2021

Acquired - II

$99M

4

2/2/2021

Acquired

7

8/19/2020

Asset Sale

1

9/3/2019

Acquired

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$99M

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10

3/18/2019

Acquired

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$99M

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10

Date

10/6/2021

2/2/2021

8/19/2020

9/3/2019

3/18/2019

Exit

Acquired - II

Acquired

Asset Sale

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

Acquirer

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Sources

4

7

1

10

10

Medtronic Acquisitions

72 Acquisitions

Medtronic acquired 72 companies. Their latest acquisition was Intersect ENT on May 13, 2022.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

5/13/2022

Series D

$99M

$83.5M

Acq - P2P

4

4/27/2022

$99M

Acquired Unit

2

1/10/2022

Series C

$99M

$75.68M

Acquired

13

10/29/2020

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$99M

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10

9/30/2020

Debt

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$99M

$99M

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10

Date

5/13/2022

4/27/2022

1/10/2022

10/29/2020

9/30/2020

Investment Stage

Series D

Series C

Debt

Companies

Subscribe to see more

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$83.5M

$75.68M

$99M

Note

Acq - P2P

Acquired Unit

Acquired

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Sources

4

2

13

10

10

Medtronic Partners & Customers

10 Partners and customers

Medtronic has 10 strategic partners and customers. Medtronic recently partnered with Titan Medical on May 5, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

5/4/2022

Vendor

Canada

Titan Medical Receives New Purchase Order from Medtronic

`` Medtronic has been a great partner for Titan Medical since 2020 and we 're excited about this opportunity to further our work together , '' said Paul Cataford , interim president and CEO of Titan Medical told the press .

1

5/3/2022

Vendor

Canada

Titan Medical Announces Purchase Order from Medtronic

The order covers the purchase of instruments and cameras that will be used in preclinical activities and the evaluation of Titan Medical Inc. as a potential manufacturing and supply partner for Medtronic .

2

5/3/2022

Licensor

Canada

Titan Medical inks a $2.6M purchase order from Medtronic

Robotic-assisted surgery company Titan Medical is deepening its relationship with Medtronic , securing a $ 2.6 million purchase order from the medtech giant .

13

4/28/2022

Client

United States

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10

4/19/2022

Partner

United Kingdom

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10

Date

5/4/2022

5/3/2022

5/3/2022

4/28/2022

4/19/2022

Type

Vendor

Vendor

Licensor

Client

Partner

Business Partner

Country

Canada

Canada

Canada

United States

United Kingdom

News Snippet

Titan Medical Receives New Purchase Order from Medtronic

`` Medtronic has been a great partner for Titan Medical since 2020 and we 're excited about this opportunity to further our work together , '' said Paul Cataford , interim president and CEO of Titan Medical told the press .

Titan Medical Announces Purchase Order from Medtronic

The order covers the purchase of instruments and cameras that will be used in preclinical activities and the evaluation of Titan Medical Inc. as a potential manufacturing and supply partner for Medtronic .

Titan Medical inks a $2.6M purchase order from Medtronic

Robotic-assisted surgery company Titan Medical is deepening its relationship with Medtronic , securing a $ 2.6 million purchase order from the medtech giant .

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Sources

1

2

13

10

10

Medtronic Service Providers

2 Service Providers

Medtronic has 2 service provider relationships

Service Provider

Associated Rounds

Provider Type

Service Type

Acq - P2P

Investment Bank

Financial Advisor

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Service Provider

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Associated Rounds

Acq - P2P

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Provider Type

Investment Bank

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Service Type

Financial Advisor

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Partnership data by VentureSource

Medtronic Team

96 Team Members

Medtronic has 96 team members, including current Founder, Chief Technology Officer, Daniel C Sigg.

Name

Work History

Title

Status

Daniel C Sigg

Novo Nordisk, and University Hospital Basel

Founder, Chief Technology Officer

Current

Geoff Martha

GE Healthcare, and GE Capital

Chief Executive Officer

Current

John Mack

President

Current

Giovanni Di Napoli

President

Current

Sean Salmon

President, Executive Vice President

Current

Name

Daniel C Sigg

Geoff Martha

John Mack

Giovanni Di Napoli

Sean Salmon

Work History

Novo Nordisk, and University Hospital Basel

GE Healthcare, and GE Capital

Title

Founder, Chief Technology Officer

Chief Executive Officer

President

President

President, Executive Vice President

Status

Current

Current

Current

Current

Current

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