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Medtronic Reviews Its Portfolio, Driving Speculation It May Sell Diabetes Unit

 
• By Reed Miller

During its recent quarterly earnings call, Medtronic CEO Geoff Martha reiterated that the company expects to announce changes over the next year that will help it drive growth and shareholder value. Analysts suspect Medtronic’s struggling diabetes business is probably the top candidate for a sale.

• Source: Alamy

Medtronic plc’s CEO expects the company will probably make changes to its business “portfolio” in the next year but has not said which businesses or product lines are most likely to be sold.

The new operating model that Medtronic adopted in late 2020 has improved the company’s ability to manage its capital allocation strategy

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