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Company type | Public |
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ISIN | IE00BTN1Y115 |
Industry | Medical equipment |
Founded | 1949 |
Headquarters | |
Key people | |
Products | Medical devices |
Revenue | ![]() |
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Total assets | ![]() |
Total equity | ![]() |
Number of employees | c. 95,000 (2024) |
Website | medtronic.com |
Footnotes / references Financials as of April 26, 2024[update].[2] |
Medtronic plc is an American-Irish medical device company. The company's operational and executive headquarters are in Minneapolis, Minnesota, and its legal headquarters are in Ireland due to its acquisition of Irish-based Covidien in 2015.[3][4] While it primarily operates in the United States,[5][6] it operates in more than 150 countries and employs over 90,000 people.[7] It develops and manufactures healthcare technologies and therapies.
U.S. medical device maker Medtronic Inc (MDT.N) said on Sunday it had agreed to buy Covidien Plc COV.N for $42.9 billion in cash and stock and move its executive base to Ireland in the latest transaction aiming for lower corporate tax rates abroad.
Medtronic is the top medical device company in the world for 2018 with an impressive annual revenue nearly $30 billion in 2017. The company experienced a 3% increase in revenue compared with 2016 figures and they reported 'balanced, diversified growth across all groups and regions'. Revenue increases are also due in part to the consolidation of its acquisition of Covidien.