Topic: How To Invest

Spinoffs & Takeovers Hotline – Friday, May 30, 2025

Article Excerpt

MEDTRONIC PLC, $82.98, symbol MDT on New York, develops, makes and distributes a wide range of healthcare-related devices and equipment. Based on revenue, the company is the world’s largest medical device provider. Medtronic operates in 150 countries and employs over 90,000 people. For tax purposes, it makes its head office in Galway, Ireland, but it has its operational headquarters in Fridley, Minnesota. The company has four main segments: The Cardiovascular Portfolio (38% of total revenue) includes the Cardiac Rhythm & Heart Failure, Structural Heart & Aortic, and Coronary & Peripheral Vascular businesses. 2. The Medical Surgical Portfolio (25%) includes the Surgical Innovations and the Respiratory, Gastrointestinal & Renal units. 3. The Neuroscience Portfolio (29%) includes the Cranial & Spinal Technologies, Specialty Therapies, and Neuromodulation businesses. 4. The Diabetes Portfolio (8% of total revenue). On May 21, 2025, Medtronic announced that it would separate its diabetes business into a standalone company within 18 months. The company intends first to conduct an IPO of less than 20%for the…