Where Is Medtronic Corporate Office Headquarters

Medtronic started as a medical repair business in 1949, and it was established by American engineers and businessman, Earl Bakken and Palmer Hermundsile who happened to be Earl’s brother-in-law. However, the firm made its first medical device, a battery-powered pacemaker – the first of its kind – in 1957. It was on this product that the firm has built its success, going on to produce multiple technologically advanced medical equipment.

Discussion on the success story of Medtronic cannot be complete without talking about the mergers and acquisitions that have been completed by the firm thus far. This can be seen as a major growth strategy for Medtronic as the firm now has a reach spanning over 150 countries. Since its establishment, Medtronic has achieved over sixty-six acquisitions with the first of such came in 1998 with the purchase of Physio-Control Corporation – although the firm would later spin-off Physio-Control in 2006.

As a matter of emphasis; there have been some key acquisitions that have greatly affected the firm’s strategic direction. One of such acquisitions is that of Irish medical products manufacturer, Covidien in 2014. This made it possible for Medtronic to move its legal headquarters to Ireland. Other notable ones include the acquisitions of Kyphon, MiniMed, and Mazor Robotics to mention just a few.

Medtronic is into the production of a wide range of medical devices used in treating or managing different conditions like chronic pain, obesity, Down syndrome, cardiovascular disorders, diabetes, respiratory disorders, kidney disorders, and many more. The development and production of these devices are done through the firm’s business units like cardiac rhythm disease management, spinal & biologics, diabetes, cardiovascular, and neuromodulation.

More specifically, Medtronic produces devices such as bone conduction hearing systems, endoscopic ultrasound products, defibrillator, insulin pump systems, smoke evacuation systems, cardiac mapping products, peripheral & biliary stents, hysteroscopy systems, infusion sets, and so on. Medtronic also devotes its resources towards the development of surgical technologies and even manufactured ventilators in response to the COVID-19 pandemic. It is good to note that Medtronic also makes specific products for veterinary treatment/care.

Medtronic manufactures products that can be used by healthcare professionals, as well as patients and their caregivers. The company also provides value-added services like the measures taken to educate customers on the use of the devices.   

• Medtronic is the largest producer of medical devices in the world, with a staff strength of over 90,000 employees and revenue of US$28.9 billion. Additionally, it owns more than 49,000 patents within its portfolio.
• The company moved its legal headquarters to Ireland in 2014 as a means of cutting down on tax having considered tax charges in the US to be on the high side.
• Medtronic has a total of 31 laboratory and research facilities across the globe.