Frank Chan, the president of Medtronic’s Patient Monitoring business, is excited about the possibilities for connected care and digital technology to share some of the enormous burdens currently weighing on the people who care for patients.
“We have established a vision, which is universally shared by 4,000 people around the world in my business, and that vision is to transform health monitoring by empowering
Medtronic Plans Spin-Off
Medtronic announced plans to spin off its Patient Monitoring and Respiratory Interventions businesses – part of an ongoing effort to streamline the business. (Also see "Medtronic Cuts Away More: Spins Off Patient Monitoring And Respiratory Business" - Medtech Insight, 25 October, 2022.)
During the company’s most recent sales and earnings call in February, Medtronic chief financial officer Karen Parkhill said the separation will be completed in the second half of fiscal 2024, which begins in calendar November 2023.
Medtronic has not announced the name of the spun-off company, so it is just calling it "NewCo" for now
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